Harraden Circle Investments LLC Acquires 150,651 Shares of Range Capital Acquisition Corp II $RNGT

Key Points

• Harraden Circle Investments LLC increased its RNGT stake by 40.2% in the second quarter, purchasing 150,651 additional shares and bringing its total holdings to 525,177 shares, or approximately 1.68% of the company.
• Several institutional investors also added or initiated positions, including Lineage Point Capital, Rivernorth Capital Management, Sona Asset Management, and the Healthcare of Ontario Pension Plan Trust Fund.
• Market sentiment remains negative: Weiss Ratings upgraded RNGT from “sell (e+)” to “sell (d-),” while the stock’s average analyst rating is “Sell.” Shares opened at $10.18, near their 52-week high, and the company reported quarterly EPS of $0.06.

Harraden Circle Investments LLC boosted its holdings in Range Capital Acquisition Corp II (NASDAQ:RNGT - Free Report) by 40.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 525,177 shares of the company's stock after buying an additional 150,651 shares during the period. Harraden Circle Investments LLC owned approximately 1.68% of Range Capital Acquisition Corp II worth $179,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RNGT. Lineage Point Capital LP boosted its stake in Range Capital Acquisition Corp II by 200.0% in the second 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 acquired a new position in shares of Range Capital Acquisition Corp II in the 1st quarter valued at $3,995,000. Sona Asset Management US LLC acquired a new position in shares of Range Capital Acquisition Corp II in the 1st quarter valued at $1,096,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Range Capital Acquisition Corp II in the 1st quarter worth $3,000,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Range Capital Acquisition Corp II from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell".

Range Capital Acquisition Corp II Stock Performance

Shares of NASDAQ:RNGT opened at $10.18 on Friday. The company has a 50 day moving average price of $10.14. Range Capital Acquisition Corp II has a fifty-two week low of $9.90 and a fifty-two week high of $10.18.

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

About Range Capital Acquisition Corp II

Range Capital Acquisition Corp II is a blank check company.

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