Karpus Management Inc. Sells 7,600 Shares of Rigel Resource Acquisition Corp. (NYSE:RRAC)

Karpus Management Inc. cut its position in shares of Rigel Resource Acquisition Corp. (NYSE:RRACFree Report) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 392,200 shares of the company’s stock after selling 7,600 shares during the period. Karpus Management Inc.’s holdings in Rigel Resource Acquisition were worth $4,299,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cohanzick Management LLC bought a new position in shares of Rigel Resource Acquisition during the fourth quarter valued at approximately $3,288,000. Picton Mahoney Asset Management lifted its holdings in Rigel Resource Acquisition by 63.2% during the fourth quarter. Picton Mahoney Asset Management now owns 1,224,050 shares of the company’s stock worth $13,416,000 after buying an additional 474,050 shares during the period. Mizuho Securities USA LLC boosted its position in Rigel Resource Acquisition by 326.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,718,000 shares of the company’s stock valued at $18,589,000 after acquiring an additional 1,315,536 shares in the last quarter. Finally, Cowen AND Company LLC increased its holdings in shares of Rigel Resource Acquisition by 11.9% in the 3rd quarter. Cowen AND Company LLC now owns 1,731,483 shares of the company’s stock valued at $18,856,000 after acquiring an additional 184,349 shares during the period. 71.85% of the stock is currently owned by hedge funds and other institutional investors.

Rigel Resource Acquisition Price Performance

RRAC opened at $11.30 on Friday. Rigel Resource Acquisition Corp. has a 12 month low of $10.67 and a 12 month high of $11.40. The stock has a fifty day moving average price of $11.25 and a 200-day moving average price of $11.13.

Rigel Resource Acquisition Profile

(Free Report)

Rigel Resource Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring companies primarily in the mining industry.

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Institutional Ownership by Quarter for Rigel Resource Acquisition (NYSE:RRAC)

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