Range Capital Acquisition (NASDAQ:RANG) Releases Quarterly Earnings Results

Range Capital Acquisition (NASDAQ:RANG) posted its earnings results on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Range Capital Acquisition Stock Performance

Shares of NASDAQ RANG remained flat at $10.52 during mid-day trading on Wednesday. The company had a trading volume of 16,170 shares, compared to its average volume of 8,991. The company has a 50 day moving average price of $10.48 and a 200-day moving average price of $10.45. Range Capital Acquisition has a 52 week low of $10.02 and a 52 week high of $11.13.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Range Capital Acquisition in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Range Capital Acquisition

A number of large investors have recently bought and sold shares of RANG. Clear Street LLC raised its position in shares of Range Capital Acquisition by 978.3% in the 2nd quarter. Clear Street LLC now owns 7,041 shares of the company’s stock valued at $72,000 after buying an additional 6,388 shares in the last quarter. Karpus Management Inc. increased its stake in Range Capital Acquisition by 24.6% in the second 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. Whitebox Advisors LLC acquired a new position in Range Capital Acquisition during the second quarter valued at approximately $2,550,000. Jane Street Group LLC acquired a new position in Range Capital Acquisition during the second quarter valued at approximately $112,000. Finally, Berkley W R Corp lifted its stake in Range Capital Acquisition by 21.1% during the second quarter. Berkley W R Corp now owns 572,060 shares of the company’s stock worth $5,835,000 after purchasing an additional 99,680 shares during the last 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.