Radcliffe Capital Management L.P. raised its stake in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII – Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658,322 shares of the company’s stock after acquiring an additional 46,800 shares during the period. Radcliffe Capital Management L.P.’s holdings in Archimedes Tech SPAC Partners II were worth $6,820,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. StoneX Group Inc. acquired a new stake in shares of Archimedes Tech SPAC Partners II during the 4th quarter worth $524,000. L1 Global Manager Pty Ltd acquired a new position in Archimedes Tech SPAC Partners II in the fourth quarter valued at about $2,072,000. Finally, Westchester Capital Management LLC lifted its position in Archimedes Tech SPAC Partners II by 0.8% during the fourth quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock worth $9,398,000 after purchasing an additional 7,144 shares during the period.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Archimedes Tech SPAC Partners II has an average rating of “Sell”.
Archimedes Tech SPAC Partners II Price Performance
Shares of ATII opened at $10.98 on Wednesday. The company’s 50 day moving average price is $10.85. Archimedes Tech SPAC Partners II Co. has a one year low of $10.12 and a one year high of $11.40.
Archimedes Tech SPAC Partners II (NASDAQ:ATII – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.
About Archimedes Tech SPAC Partners II
Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.
Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.
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