Range Capital Acquisition Corp. $RANG Shares Sold by Crossingbridge Advisors LLC

Crossingbridge Advisors LLC reduced its stake in shares of Range Capital Acquisition Corp. (NASDAQ:RANG) by 34.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 285,700 shares of the company’s stock after selling 152,960 shares during the quarter. Range Capital Acquisition comprises about 1.4% of Crossingbridge Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Crossingbridge Advisors LLC owned 2.04% of Range Capital Acquisition worth $2,940,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Radcliffe Capital Management L.P. acquired a new position in Range Capital Acquisition during the 2nd quarter valued at about $188,000. Moore Capital Management LP acquired a new stake in shares of Range Capital Acquisition in the 2nd quarter worth approximately $925,000. Berkley W R Corp boosted its holdings in shares of Range Capital Acquisition by 21.1% in the second quarter. Berkley W R Corp now owns 572,060 shares of the company’s stock valued at $5,835,000 after acquiring an additional 99,680 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Range Capital Acquisition in the second quarter valued at approximately $112,000. Finally, Whitebox Advisors LLC acquired a new position in shares of Range Capital Acquisition during the second quarter valued at approximately $2,550,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Range Capital Acquisition in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Range Capital Acquisition Price Performance

NASDAQ:RANG opened at $10.49 on Monday. The business’s 50-day moving average price is $10.46 and its 200 day moving average price is $10.43. Range Capital Acquisition Corp. has a 52-week low of $10.00 and a 52-week high of $11.13.

Range Capital Acquisition 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.