Context Capital Management LLC purchased a new position in shares of Armada Acquisition Corp. II (NASDAQ:XRPN – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 350,000 shares of the company’s stock, valued at approximately $3,584,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westchester Capital Management LLC acquired a new position in shares of Armada Acquisition Corp. II in the 4th quarter worth approximately $8,534,000. Berkley W R Corp acquired a new stake in Armada Acquisition Corp. II in the 4th quarter valued at $5,652,000. Walleye Capital LLC bought a new stake in Armada Acquisition Corp. II in the fourth quarter valued at $1,536,000. DLD Asset Management LP bought a new stake in Armada Acquisition Corp. II in the fourth quarter valued at $2,039,000. Finally, Hudson Bay Capital Management LP acquired a new position in Armada Acquisition Corp. II during the fourth quarter worth $2,186,000. Institutional investors own 27.95% of the company’s stock.
Armada Acquisition Corp. II Trading Down 0.1%
Shares of XRPN opened at $10.40 on Friday. The firm’s fifty day moving average price is $10.38. Armada Acquisition Corp. II has a 12-month low of $10.00 and a 12-month high of $10.91.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on XRPN
Armada Acquisition Corp. II Company Profile
Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.
Following its public listing, Armada Acquisition Corp.
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