Rivernorth Capital Management LLC Takes Position in Dynamix Corp III $DNMX

Rivernorth Capital Management LLC purchased a new position in shares of Dynamix Corp III (NASDAQ:DNMX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,000 shares of the company’s stock, valued at approximately $744,000. Rivernorth Capital Management LLC owned approximately 0.32% of Dynamix Corp III at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DNMX. ABC Arbitrage SA acquired a new stake in Dynamix Corp III in the first quarter valued at $198,000. Boothbay Fund Management LLC bought a new stake in shares of Dynamix Corp III in the 4th quarter worth about $494,000. Bulldog Investors LLP acquired a new stake in shares of Dynamix Corp III in the 4th quarter valued at about $494,000. Gritstone Asset Management LLC acquired a new stake in shares of Dynamix Corp III in the 1st quarter valued at about $496,000. Finally, Mint Tower Capital Management B.V. bought a new position in shares of Dynamix Corp III during the fourth quarter worth about $989,000.

Dynamix Corp III Stock Performance

Dynamix Corp III stock opened at $10.02 on Thursday. Dynamix Corp III has a 1 year low of $9.87 and a 1 year high of $10.04. The business has a 50-day simple moving average of $10.01. The company has a market cap of $233.77 million and a P/E ratio of -1,002.00.

Dynamix Corp III (NASDAQ:DNMX) last announced its quarterly earnings data on Friday, March 20th. The company reported $0.07 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Dynamix Corp III in a research note on Monday, June 8th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Dynamix Corp III Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.