Lineage Point Capital LP Makes New Investment in Inflection Point Acquisition Corp. III $IPCX

Lineage Point Capital LP bought a new position in shares of Inflection Point Acquisition Corp. III (NASDAQ:IPCX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 209,835 shares of the company’s stock, valued at approximately $2,128,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PenderFund Capital Management Ltd. purchased a new stake in Inflection Point Acquisition Corp. III in the fourth quarter valued at approximately $51,000. Cantor Fitzgerald L. P. acquired a new position in Inflection Point Acquisition Corp. III in the 3rd quarter valued at about $245,000. Virtu Financial LLC purchased a new stake in Inflection Point Acquisition Corp. III during the 3rd quarter valued at approximately $273,000. Heights Capital Management Inc. purchased a new stake in shares of Inflection Point Acquisition Corp. III during the third quarter worth approximately $504,000. Finally, Readystate Asset Management LP purchased a new position in Inflection Point Acquisition Corp. III during the 4th quarter worth $507,000.

Inflection Point Acquisition Corp. III Stock Performance

Shares of IPCX stock opened at $10.34 on Friday. Inflection Point Acquisition Corp. III has a fifty-two week low of $10.05 and a fifty-two week high of $10.35. The business has a fifty day simple moving average of $10.30 and a 200-day simple moving average of $10.21.

Inflection Point Acquisition Corp. III (NASDAQ:IPCX) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.07 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Inflection Point Acquisition Corp. III in a report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Inflection Point Acquisition Corp. III has an average rating of “Sell”.

About Inflection Point Acquisition Corp. III

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.