Rivernorth Capital Management LLC Makes New Investment in Dynamix Corp III $DNMX

Rivernorth Capital Management LLC bought a new stake in Dynamix Corp III (NASDAQ:DNMX) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 75,000 shares of the company’s stock, valued at approximately $744,000.

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

Wall Street Analyst Weigh In

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

Dynamix Corp III Price Performance

Shares of NASDAQ DNMX opened at $10.02 on Thursday. The firm has a market cap of $233.77 million and a P/E ratio of -1,002.00. Dynamix Corp III has a twelve month low of $9.87 and a twelve month high of $10.04. The firm has a 50-day simple moving average of $10.01.

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

About Dynamix Corp III

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.