Great Lakes Advisors LLC Invests $37.51 Million in Research Alliance Corporation III $RACC

Great Lakes Advisors LLC purchased a new stake in Research Alliance Corporation III (NASDAQ:RACC) in the second quarter, HoldingsChannel reports. The fund purchased 511,395 shares of the company’s stock, valued at approximately $37,511,000. Great Lakes Advisors LLC owned 0.06% of Research Alliance Corporation III at the end of the most recent reporting period.

Research Alliance Corporation III Trading Down 8.3%

Shares of RACC stock opened at $24.49 on Wednesday. The business’s fifty day simple moving average is $15.07. Research Alliance Corporation III has a 52 week low of $10.21 and a 52 week high of $33.50.

Research Alliance Corporation III (NASDAQ:RACC) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter.

Analyst Upgrades and Downgrades

RACC has been the topic of a number of research reports. Weiss Ratings began coverage on Research Alliance Corporation III in a research report on Friday. They set a “sell (e)” rating on the stock. Wall Street Zen raised shares of Research Alliance Corporation III to a “hold” rating in a report on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Research Alliance Corporation III currently has an average rating of “Sell”.

About Research Alliance Corporation III

Research Alliance Corporation III is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Research Alliance Corporation III is based in New York.