Wolverine Asset Management LLC Has $5.95 Million Stock Position in Range Capital Acquisition Corp. $RANG

Key Points

• Wolverine Asset Management cut its holdings in Range Capital Acquisition by 30.9% in Q4 and now owns 564,352 shares (4.03%) valued at about $5.95 million.
• Range Capital shares trade near $10.58 (52-week range $10.10–$11.63; 50- and 200-day SMAs ≈ $10.5), and analysts have an average Sell rating, with Weiss Ratings reaffirming a "sell (d-)".

Wolverine Asset Management LLC cut its holdings in shares of Range Capital Acquisition Corp. (NASDAQ:RANG - Free Report) by 30.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 564,352 shares of the company's stock after selling 251,797 shares during the quarter. Wolverine Asset Management LLC owned 4.03% of Range Capital Acquisition worth $5,954,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RANG. Whitebox Advisors LLC acquired a new stake in Range Capital Acquisition during the 2nd quarter worth about $2,550,000. Shaolin Capital Management LLC acquired a new stake in Range Capital Acquisition during the 3rd quarter worth about $1,029,000. Moore Capital Management LP acquired a new stake in Range Capital Acquisition during the 2nd quarter worth about $925,000. Karpus Management Inc. boosted its position in Range Capital Acquisition by 24.6% during the 2nd quarter. Karpus Management Inc. now owns 294,860 shares of the company's stock worth $3,008,000 after acquiring an additional 58,171 shares during the period. Finally, Radcliffe Capital Management L.P. acquired a new stake in Range Capital Acquisition during the 2nd quarter worth about $188,000.

Range Capital Acquisition Stock Performance

Shares of Range Capital Acquisition stock opened at $10.58 on Monday. Range Capital Acquisition Corp. has a 52-week low of $10.10 and a 52-week high of $11.63. The stock has a 50-day simple moving average of $10.53 and a 200-day simple moving average of $10.49.

Range Capital Acquisition (NASDAQ:RANG - Get Free Report) last announced its quarterly earnings results on Tuesday, March 24th. The company reported $0.06 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Range Capital Acquisition in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Sell".

Range Capital Acquisition Company Profile

Range Capital Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) listed on the NASDAQ under the symbol RANG. The company was formed to raise capital through an initial public offering with the goal of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. As a blank‐check vehicle, it does not currently operate any underlying business but seeks to identify a suitable target that aligns with its investment criteria.

The SPAC is sponsored by Range Capital Partners, a private equity firm with a background in investing across industrial, energy and infrastructure sectors.

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