Wealthspring Capital LLC Acquires 358,960 Shares of Range Capital Acquisition Corp II $RNGT

Wealthspring Capital LLC acquired a new stake in Range Capital Acquisition Corp II (NASDAQ:RNGT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 358,960 shares of the company’s stock, valued at approximately $3,658,000.

Several other hedge funds also recently made changes to their positions in the company. Harraden Circle Investments LLC increased its position in shares of Range Capital Acquisition Corp II by 40.2% during the second quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company’s stock worth $179,000 after purchasing an additional 150,651 shares in the last quarter. Lineage Point Capital LP boosted its position in shares of Range Capital Acquisition Corp II by 200.0% in the 2nd quarter. Lineage Point Capital LP now owns 735,000 shares of the company’s stock valued at $250,000 after purchasing an additional 490,000 shares during the period. Rivernorth Capital Management LLC acquired a new stake in shares of Range Capital Acquisition Corp II in the 1st quarter valued at about $3,995,000. Sona Asset Management US LLC acquired a new stake in shares of Range Capital Acquisition Corp II in the 1st quarter valued at about $1,096,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Range Capital Acquisition Corp II during the 1st quarter worth approximately $3,000,000.

Range Capital Acquisition Corp II Stock Performance

Shares of Range Capital Acquisition Corp II stock opened at $10.21 on Monday. The firm has a fifty day simple moving average of $10.19. Range Capital Acquisition Corp II has a 12 month low of $9.90 and a 12 month high of $10.21.

Range Capital Acquisition Corp II (NASDAQ:RNGT) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Range Capital Acquisition Corp II in a research report on Friday, October 30th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Range Capital Acquisition Corp II currently has an average rating of “Sell”.

About Range Capital Acquisition Corp II

Range Capital Acquisition Corp II (NASDAQ:RNGT) is a special purpose acquisition company, or SPAC. The company was formed to pursue a business combination, such as a merger, acquisition, share exchange, or similar transaction, with one or more operating businesses.

Unlike an operating company, Range Capital Acquisition Corp II does not appear to manufacture products or provide ongoing commercial services of its own. Its activities primarily involve identifying a suitable target company, conducting due diligence and negotiations, and completing a transaction that would allow the target business to become publicly traded.

The company’s public materials provide limited information about a completed acquisition, operating business, geographic footprint, or specific target industry.