Cartesian Growth Corp III $CGCT Holdings Increased by Radcliffe Capital Management L.P.

Radcliffe Capital Management L.P. increased its stake in Cartesian Growth Corp III (NASDAQ:CGCT) by 17.2% in the 4th quarter, HoldingsChannel reports. The fund owned 595,796 shares of the company’s stock after acquiring an additional 87,383 shares during the period. Radcliffe Capital Management L.P.’s holdings in Cartesian Growth Corp III were worth $6,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Marex Group plc bought a new stake in Cartesian Growth Corp III during the fourth quarter worth approximately $309,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Cartesian Growth Corp III in the fourth quarter worth approximately $1,030,000. L1 Global Manager Pty Ltd bought a new position in Cartesian Growth Corp III during the 4th quarter valued at $2,059,000. Yakira Capital Management Inc. acquired a new position in shares of Cartesian Growth Corp III during the 4th quarter valued at $2,160,000. Finally, UBS Group AG increased its position in shares of Cartesian Growth Corp III by 264.9% during the 4th quarter. UBS Group AG now owns 215,841 shares of the company’s stock valued at $2,222,000 after purchasing an additional 156,697 shares during the period.

Cartesian Growth Corp III Stock Up 1.4%

CGCT opened at $15.55 on Wednesday. The company has a market cap of $536.48 million and a P/E ratio of 64.79. The stock has a fifty day moving average price of $11.45. Cartesian Growth Corp III has a one year low of $9.26 and a one year high of $15.30.

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

Cartesian Growth Corp III Company 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.