Lineage Point Capital LP Purchases New Position in Cartesian Growth Corp III $CGCT

Lineage Point Capital LP purchased a new stake in Cartesian Growth Corp III (NASDAQ:CGCT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 192,650 shares of the company’s stock, valued at approximately $1,983,000. Lineage Point Capital LP owned 0.56% of Cartesian Growth Corp III at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Evercore Wealth Management LLC acquired a new stake in shares of Cartesian Growth Corp III during the 4th quarter worth approximately $104,000. PenderFund Capital Management Ltd. purchased a new stake in Cartesian Growth Corp III during the fourth quarter worth $234,000. Readystate Asset Management LP acquired a new stake in Cartesian Growth Corp III during the fourth quarter valued at $257,000. Marex Group plc acquired a new stake in Cartesian Growth Corp III during the fourth quarter valued at $309,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Cartesian Growth Corp III in the fourth quarter valued at $1,030,000.

Cartesian Growth Corp III Stock Performance

Shares of Cartesian Growth Corp III stock opened at $14.58 on Friday. The stock has a 50-day moving average price of $11.61. The firm has a market capitalization of $503.01 million and a P/E ratio of 60.75. Cartesian Growth Corp III has a fifty-two week low of $9.26 and a fifty-two week high of $15.30.

Cartesian Growth Corp III (NASDAQ:CGCT) last posted its earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $2.49 million for the quarter.

About Cartesian Growth Corp III

Cartesian Growth Corp III (NASDAQ: CGCT) is a special purpose acquisition company (SPAC), commonly referred to as a blank-check company, that is listed on the Nasdaq stock exchange. As a SPAC, Cartesian Growth Corp III was formed to raise capital through an initial public offering with the objective of identifying, negotiating and completing one or more business combinations or acquisitions. The company itself does not operate an ongoing commercial business prior to completing a business combination.

The company’s principal activities center on sourcing potential acquisition targets, conducting due diligence, arranging transaction financing and completing a business combination that would result in an operating public company.