75,000 Range Capital Acquisition Corp II $RNGT Shares Sold by Context Capital Management LLC

Context Capital Management LLC lowered its stake in Range Capital Acquisition Corp II (NASDAQ:RNGT) by 33.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,000 shares of the company’s stock after selling 75,000 shares during the quarter. Context Capital Management LLC owned about 0.48% of Range Capital Acquisition Corp II worth $1,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthspring Capital LLC bought a new position in Range Capital Acquisition Corp II during the third quarter worth about $3,658,000. Harraden Circle Investments LLC increased its stake in shares of Range Capital Acquisition Corp II by 40.2% in the 2nd quarter. Harraden Circle Investments LLC now owns 525,177 shares of the company’s stock valued at $179,000 after acquiring an additional 150,651 shares during the last quarter. Lineage Point Capital LP increased its stake 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 acquiring an additional 490,000 shares during the last quarter. Rivernorth Capital Management LLC bought a new stake in shares of Range Capital Acquisition Corp II in the 1st quarter valued at about $3,995,000. Finally, Sona Asset Management US LLC bought a new stake in shares of Range Capital Acquisition Corp II in the 1st quarter valued at about $1,096,000.

Range Capital Acquisition Corp II Stock Up 0.4%

NASDAQ:RNGT opened at $10.26 on Wednesday. Range Capital Acquisition Corp II has a 1 year low of $9.90 and a 1 year high of $10.21. The firm has a 50-day simple moving average of $10.19.

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

Wall Street Analyst Weigh In

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

Range Capital Acquisition Corp II Company Profile

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.