Range Capital Acquisition (NASDAQ:RANG) Trading 0.2% Higher – What’s Next?

Range Capital Acquisition Corp. (NASDAQ:RANG)’s stock price was up 0.2% during mid-day trading on Wednesday . The stock traded as high as $10.61 and last traded at $10.6150. Approximately 15,366 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 74,583 shares. The stock had previously closed at $10.59.

Range Capital Acquisition Price Performance

The company has a 50-day moving average price of $10.58 and a 200-day moving average price of $10.50.

Range Capital Acquisition (NASDAQ:RANG) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Range Capital Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the stock. Whitebox Advisors LLC acquired a new stake in shares of Range Capital Acquisition in the second quarter worth $2,550,000. Karpus Management Inc. grew its stake in shares of Range Capital Acquisition by 24.6% in the second quarter. Karpus Management Inc. now owns 294,860 shares of the company’s stock worth $3,008,000 after acquiring an additional 58,171 shares during the last quarter. Rivernorth Capital Management LLC grew its stake in shares of Range Capital Acquisition by 28.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 399,765 shares of the company’s stock worth $4,166,000 after acquiring an additional 88,836 shares during the last quarter. Harraden Circle Investments LLC acquired a new position in shares of Range Capital Acquisition during the fourth quarter valued at about $3,320,000. Finally, Shaolin Capital Management LLC acquired a new position in shares of Range Capital Acquisition during the third quarter valued at about $1,029,000.

About Range Capital Acquisition

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.