174,774 Shares in Range Capital Acquisition Corp. $RANG Purchased by Sona Asset Management US LLC

Sona Asset Management US LLC purchased a new stake in shares of Range Capital Acquisition Corp. (NASDAQ:RANG) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 174,774 shares of the company’s stock, valued at approximately $1,839,000.

Other institutional investors have also added to or reduced their stakes in the company. Berkley W R Corp increased its stake in Range Capital Acquisition by 0.9% in the 1st quarter. Berkley W R Corp now owns 577,081 shares of the company’s stock worth $6,074,000 after acquiring an additional 5,021 shares during the last quarter. Rivernorth Capital Management LLC raised its holdings in shares of Range Capital Acquisition by 28.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 399,765 shares of the company’s stock worth $4,166,000 after acquiring an additional 88,836 shares in the last quarter. Harraden Circle Investments LLC bought a new position in shares of Range Capital Acquisition during the 4th quarter valued at approximately $3,320,000. Karpus Management Inc. boosted its position in shares of Range Capital Acquisition by 24.6% during the 2nd quarter. Karpus Management Inc. now owns 294,860 shares of the company’s stock valued at $3,008,000 after acquiring an additional 58,171 shares during the last quarter. Finally, Whitebox Advisors LLC purchased a new position in shares of Range Capital Acquisition in the second quarter valued at $2,550,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Range Capital Acquisition in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Range Capital Acquisition has a consensus rating of “Sell”.

Range Capital Acquisition Price Performance

Shares of NASDAQ RANG opened at $10.71 on Monday. Range Capital Acquisition Corp. has a 1-year low of $10.24 and a 1-year high of $11.66. The business’s 50 day moving average is $10.65 and its two-hundred day moving average is $10.56.

Range Capital Acquisition (NASDAQ:RANG) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Range Capital Acquisition Company Profile

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank?check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.