Cowen AND Company LLC Acquires 184,349 Shares of Rigel Resource Acquisition Corp. (NYSE:RRAC)

Cowen AND Company LLC lifted its holdings in shares of Rigel Resource Acquisition Corp. (NYSE:RRACFree Report) by 11.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,731,483 shares of the company’s stock after purchasing an additional 184,349 shares during the period. Rigel Resource Acquisition accounts for about 1.3% of Cowen AND Company LLC’s portfolio, making the stock its 18th biggest position. Cowen AND Company LLC owned 0.05% of Rigel Resource Acquisition worth $18,856,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Rigel Resource Acquisition by 296.0% in the 1st quarter. Royal Bank of Canada now owns 10,196 shares of the company’s stock valued at $101,000 after buying an additional 7,621 shares during the period. Cubist Systematic Strategies LLC grew its stake in Rigel Resource Acquisition by 0.4% in the second quarter. Cubist Systematic Strategies LLC now owns 546,540 shares of the company’s stock valued at $5,433,000 after acquiring an additional 2,070 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Rigel Resource Acquisition by 50.0% during the third quarter. Alliancebernstein L.P. now owns 75,000 shares of the company’s stock valued at $508,000 after acquiring an additional 25,000 shares in the last quarter. First Trust Capital Management L.P. grew its position in Rigel Resource Acquisition by 1,115.2% in the 4th quarter. First Trust Capital Management L.P. now owns 379,736 shares of the company’s stock valued at $3,907,000 after purchasing an additional 348,486 shares during the period. Finally, Glazer Capital LLC increased its stake in Rigel Resource Acquisition by 60.9% during the 4th quarter. Glazer Capital LLC now owns 532,729 shares of the company’s stock valued at $5,482,000 after purchasing an additional 201,541 shares in the last quarter. 72.67% of the stock is currently owned by institutional investors.

Rigel Resource Acquisition Stock Performance

RRAC remained flat at $11.10 during trading on Monday. 1,100 shares of the company’s stock traded hands, compared to its average volume of 67,983. Rigel Resource Acquisition Corp. has a 1 year low of $10.36 and a 1 year high of $11.17. The firm’s fifty day moving average price is $11.03 and its 200 day moving average price is $10.93.

About Rigel Resource Acquisition

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Institutional Ownership by Quarter for Rigel Resource Acquisition (NYSE:RRAC)

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