Inflection Point Acquisition Corp. III $IPCX Stock Position Boosted by Linden Advisors LP

Linden Advisors LP raised its stake in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX) by 17.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,865,000 shares of the company’s stock after buying an additional 275,000 shares during the period. Linden Advisors LP owned approximately 0.05% of Inflection Point Acquisition Corp. III worth $18,818,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Cantor Fitzgerald L. P. acquired a new stake in shares of Inflection Point Acquisition Corp. III in the 3rd quarter worth approximately $245,000. Virtu Financial LLC bought a new stake in Inflection Point Acquisition Corp. III during the third quarter worth approximately $273,000. Wolverine Asset Management LLC grew its holdings in Inflection Point Acquisition Corp. III by 63.8% during the third quarter. Wolverine Asset Management LLC now owns 164,698 shares of the company’s stock worth $1,659,000 after acquiring an additional 64,126 shares during the period. Gabelli Funds LLC bought a new stake in Inflection Point Acquisition Corp. III during the third quarter worth approximately $1,080,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Inflection Point Acquisition Corp. III in the third quarter worth approximately $1,438,000.

Inflection Point Acquisition Corp. III Price Performance

Inflection Point Acquisition Corp. III stock opened at $10.19 on Tuesday. Inflection Point Acquisition Corp. III has a fifty-two week low of $10.05 and a fifty-two week high of $10.35. The firm’s 50 day simple moving average is $10.17 and its 200-day simple moving average is $10.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Inflection Point Acquisition Corp. III in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Inflection Point Acquisition Corp. III Profile

Inflection Point Acquisition Corp. III (NASDAQ: IPCX) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, that is organized to raise capital through a public offering for the purpose of effecting a merger, acquisition, capital stock exchange, asset purchase, reorganization or similar business combination. As a SPAC, it does not operate a conventional operating business; instead, its principal objective is to identify and combine with one or more operating businesses that will become publicly listed through the transaction.

Like many SPACs, Inflection Point Acquisition Corp.