Yakira Capital Management Inc. Buys Shares of 209,774 Cartesian Growth Corp III $CGCT

Yakira Capital Management Inc. bought a new stake in Cartesian Growth Corp III (NASDAQ:CGCT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 209,774 shares of the company’s stock, valued at approximately $2,160,000. Yakira Capital Management Inc. owned about 0.61% of Cartesian Growth Corp III at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. K2 Principal Fund L.P. purchased a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $2,575,000. Harraden Circle Investments LLC purchased a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $3,124,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $2,059,000. Marex Group plc purchased a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $309,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Cartesian Growth Corp III during the fourth quarter worth about $20,580,000.

Cartesian Growth Corp III Price Performance

Shares of CGCT stock opened at $15.33 on Monday. Cartesian Growth Corp III has a fifty-two week low of $9.26 and a fifty-two week high of $15.30. The stock has a market capitalization of $528.89 million and a price-to-earnings ratio of 63.88. The business’s 50-day simple moving average is $11.25.

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

Cartesian Growth Corp III 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.