Great Lakes Advisors LLC Buys Shares of 511,395 Research Alliance Corporation III $RACC

Great Lakes Advisors LLC bought a new stake in Research Alliance Corporation III (NASDAQ:RACC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 511,395 shares of the company’s stock, valued at approximately $37,511,000. Great Lakes Advisors LLC owned 5.62% of Research Alliance Corporation III at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RACC. Weiss Ratings started coverage on shares of Research Alliance Corporation III in a research report on Friday. They set a “sell (e)” rating on the stock. Wall Street Zen raised shares of Research Alliance Corporation III to a “hold” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Research Alliance Corporation III Stock Performance

Shares of RACC opened at $24.49 on Wednesday. The company’s 50 day simple moving average is $15.07. Research Alliance Corporation III has a twelve month low of $10.21 and a twelve month high of $33.50.

Research Alliance Corporation III (NASDAQ:RACC) last posted its earnings results on Wednesday, August 12th. The company reported $0.01 EPS for the quarter.

Research Alliance Corporation III Profile

Research Alliance Corporation III is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Research Alliance Corporation III is based in New York.