Cartesian Growth Corp III $CGCT Stake Lifted by Radcliffe Capital Management L.P.

Radcliffe Capital Management L.P. boosted its stake in Cartesian Growth Corp III (NASDAQ:CGCT) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 595,796 shares of the company’s stock after buying an additional 87,383 shares during the period. Radcliffe Capital Management L.P. owned 1.73% of Cartesian Growth Corp III worth $6,134,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marex Group plc acquired a new stake in shares of Cartesian Growth Corp III in the 4th quarter worth about $309,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Cartesian Growth Corp III during the 4th quarter valued at about $1,030,000. L1 Global Manager Pty Ltd bought a new position in Cartesian Growth Corp III in the 4th quarter worth about $2,059,000. Yakira Capital Management Inc. acquired a new stake in shares of Cartesian Growth Corp III in the fourth quarter valued at approximately $2,160,000. Finally, UBS Group AG raised its holdings in shares of Cartesian Growth Corp III by 264.9% during the fourth quarter. UBS Group AG now owns 215,841 shares of the company’s stock valued at $2,222,000 after buying an additional 156,697 shares during the last quarter.

Cartesian Growth Corp III Stock Performance

Shares of NASDAQ CGCT opened at $15.55 on Wednesday. Cartesian Growth Corp III has a 12-month low of $9.26 and a 12-month high of $15.30. The firm has a market capitalization of $536.48 million and a P/E ratio of 64.79. The business’s 50 day simple moving average is $11.45.

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

Cartesian Growth Corp III Profile

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.