Aldel Financial II (NASDAQ:ALDF – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.
Aldel Financial II Price Performance
Shares of ALDF stock opened at $10.73 on Thursday. The business has a 50 day moving average of $10.68. Aldel Financial II has a 52 week low of $10.30 and a 52 week high of $10.73.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Sona Asset Management US LLC purchased a new position in shares of Aldel Financial II in the first quarter worth approximately $591,000. L1 Global Manager Pty Ltd bought a new position in Aldel Financial II in the fourth quarter worth approximately $1,678,000. Verition Fund Management LLC raised its position in Aldel Financial II by 89.3% in the fourth quarter. Verition Fund Management LLC now owns 174,890 shares of the company’s stock worth $1,838,000 after acquiring an additional 82,491 shares during the period. UBS Group AG boosted its stake in shares of Aldel Financial II by 792.0% during the 4th quarter. UBS Group AG now owns 301,350 shares of the company’s stock worth $3,161,000 after acquiring an additional 267,567 shares during the last quarter. Finally, Radcliffe Capital Management L.P. boosted its stake in shares of Aldel Financial II by 11.6% during the 4th quarter. Radcliffe Capital Management L.P. now owns 370,459 shares of the company’s stock worth $3,886,000 after acquiring an additional 38,427 shares during the last quarter.
Analyst Ratings Changes
Check Out Our Latest Research Report on Aldel Financial II
Aldel Financial II Company Profile
We are a blank check company incorporated on July 15, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.
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