Lineage Point Capital LP Invests $1.98 Million in Cartesian Growth Corp III $CGCT

Lineage Point Capital LP bought a new stake in shares of Cartesian Growth Corp III (NASDAQ:CGCT) during the fourth quarter, Holdings Channel reports. The fund bought 192,650 shares of the company’s stock, valued at approximately $1,983,000.

A number of other institutional investors have also recently added to or reduced their stakes in CGCT. Fort Baker Capital Management LP purchased a new stake in Cartesian Growth Corp III in the 4th quarter worth $26,037,000. Highbridge Capital Management LLC purchased a new position in Cartesian Growth Corp III during the fourth quarter valued at $20,580,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Cartesian Growth Corp III in the fourth quarter valued at about $7,300,000. Sculptor Capital LP acquired a new stake in shares of Cartesian Growth Corp III in the fourth quarter valued at about $3,193,000. Finally, Harraden Circle Investments LLC purchased a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $3,124,000.

Cartesian Growth Corp III Stock Performance

CGCT opened at $14.58 on Friday. The firm has a market cap of $503.01 million and a P/E ratio of 60.75. Cartesian Growth Corp III has a twelve month low of $9.26 and a twelve month high of $15.30. The stock’s 50-day moving average is $11.61.

Cartesian Growth Corp III (NASDAQ:CGCT) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $2.49 million during the quarter.

Cartesian Growth Corp III Company 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.