358,960 Shares in Range Capital Acquisition Corp II $RNGT Purchased by Wealthspring Capital LLC

Key Points

• Wealthspring Capital initiated a position of 358,960 Range Capital Acquisition Corp II shares in the third quarter, valued at about $3.66 million and representing approximately 1.15% ownership.
• Other institutional investors also reported activity, including Lineage Point Capital, which increased its stake by 200% in the second quarter, and several funds that opened new positions.
• The stock opened at $10.21, near its 52-week high; the company reported quarterly EPS of $0.06. Its consensus analyst rating is Sell, and it remains a SPAC seeking a business combination.

Wealthspring Capital LLC purchased a new position in Range Capital Acquisition Corp II (NASDAQ:RNGT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 358,960 shares of the company's stock, valued at approximately $3,658,000. Wealthspring Capital LLC owned about 1.15% of Range Capital Acquisition Corp II as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lineage Point Capital LP increased 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 last quarter. Rivernorth Capital Management LLC purchased a new stake in shares of Range Capital Acquisition Corp II during the 1st quarter worth $3,995,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Range Capital Acquisition Corp II during the first quarter worth $3,000,000. Harraden Circle Investments LLC grew its stake 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. Finally, Sona Asset Management US LLC purchased a new position in Range Capital Acquisition Corp II in the first quarter valued at $1,096,000.

Range Capital Acquisition Corp II Stock Performance

Shares of NASDAQ RNGT opened at $10.21 on Monday. The stock's 50-day simple moving average is $10.19. Range Capital Acquisition Corp II has a fifty-two week low of $9.90 and a fifty-two week high of $10.21.

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Range Capital Acquisition Corp II in a research note on Friday, October 30th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus 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.

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