L1 Global Manager Pty Ltd Takes $1.68 Million Position in Aldel Financial II Inc. $ALDF

L1 Global Manager Pty Ltd bought a new stake in shares of Aldel Financial II Inc. (NASDAQ:ALDF – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 160,000 shares of the company’s stock, valued at approximately $1,678,000. Aldel Financial II accounts for about 1.1% of L1 Global Manager Pty Ltd’s portfolio, making the stock its 25th largest holding.

Separately, UBS Group AG grew its position 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 valued at $3,161,000 after acquiring an additional 267,567 shares during the period.

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Aldel Financial II Price Performance

Aldel Financial II stock opened at $10.68 on Friday. The company’s 50 day moving average is $10.63. Aldel Financial II Inc. has a twelve month low of $10.30 and a twelve month high of $10.69.

Aldel Financial II (NASDAQ:ALDF – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.06 EPS for the quarter.

Aldel Financial II Company Profile

(Free Report)

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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