Berkley W R Corp Purchases 791,216 Shares of Rigel Resource Acquisition Corp. (NYSE:RRAC)

Berkley W R Corp grew its position in shares of Rigel Resource Acquisition Corp. (NYSE:RRAC) by 66.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,980,247 shares of the company’s stock after acquiring an additional 791,216 shares during the quarter. Rigel Resource Acquisition comprises approximately 1.2% of Berkley W R Corp’s holdings, making the stock its 15th largest holding. Berkley W R Corp owned 0.06% of Rigel Resource Acquisition worth $22,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mizuho Securities USA LLC increased its position in shares of Rigel Resource Acquisition by 20.8% during the 1st quarter. Mizuho Securities USA LLC now owns 1,814,369 shares of the company’s stock valued at $20,212,000 after purchasing an additional 312,617 shares during the last quarter. K2 Principal Fund L.P. bought a new position in Rigel Resource Acquisition during the fourth quarter valued at $2,076,000. Cohanzick Management LLC purchased a new stake in shares of Rigel Resource Acquisition in the fourth quarter valued at $3,288,000. Finally, Picton Mahoney Asset Management lifted its holdings in shares of Rigel Resource Acquisition by 63.2% in the 4th quarter. Picton Mahoney Asset Management now owns 1,224,050 shares of the company’s stock worth $13,416,000 after acquiring an additional 474,050 shares during the last quarter. 71.85% of the stock is owned by hedge funds and other institutional investors.

Rigel Resource Acquisition Price Performance

NYSE RRAC remained flat at $11.38 during trading on Monday. 29 shares of the company’s stock traded hands, compared to its average volume of 84,651. Rigel Resource Acquisition Corp. has a twelve month low of $10.75 and a twelve month high of $11.43. The firm’s 50 day moving average price is $11.32 and its 200 day moving average price is $11.22.

About Rigel Resource Acquisition

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.