DLD Asset Management LP increased its stake in Cantor Equity Partners II Inc. (NASDAQ:CEPT – Free Report) by 65.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 660,000 shares of the company’s stock after purchasing an additional 260,000 shares during the quarter. Cantor Equity Partners II makes up 0.7% of DLD Asset Management LP’s investment portfolio, making the stock its 19th largest holding. DLD Asset Management LP owned approximately 2.16% of Cantor Equity Partners II worth $7,187,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc acquired a new stake in shares of Cantor Equity Partners II in the first quarter worth $327,000. Canton Hathaway LLC acquired a new position in Cantor Equity Partners II in the 1st quarter valued at $218,000. Three Magnolias Financial Advisors LLC bought a new position in Cantor Equity Partners II in the 1st quarter worth $228,000. Cannon Global Investment Management LLC raised its holdings in Cantor Equity Partners II by 126.2% in the 1st quarter. Cannon Global Investment Management LLC now owns 88,000 shares of the company’s stock worth $958,000 after acquiring an additional 49,100 shares during the period. Finally, Virtu Financial LLC acquired a new position in Cantor Equity Partners II during the 4th quarter worth $160,000.
Cantor Equity Partners II Price Performance
NASDAQ:CEPT opened at $11.78 on Thursday. The stock has a market cap of $360.23 million, a P/E ratio of -107.09 and a beta of 0.90. Cantor Equity Partners II Inc. has a one year low of $9.74 and a one year high of $14.05. The company has a fifty day moving average price of $12.09 and a 200 day moving average price of $11.65.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CEPT shares. Benchmark began coverage on shares of Cantor Equity Partners II in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target for the company. Wall Street Zen upgraded Cantor Equity Partners II to a “sell” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings raised Cantor Equity Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.00.
Check Out Our Latest Analysis on Cantor Equity Partners II
Cantor Equity Partners II Profile
Cantor Equity Partners II (NASDAQ: CEPT) is a closed-end management investment company that focuses on providing customized capital solutions to private, middle-market companies in the United States. Listed on the Nasdaq, CEPT seeks to deliver attractive risk-adjusted returns by investing across a spectrum of debt and equity instruments. Its portfolio may include senior secured loans, subordinated and mezzanine debt, preferred equity, and common equity, allowing it to tailor financing structures to meet the specific growth, acquisition or recapitalization needs of its portfolio companies.
As a business development company registered under the Investment Company Act of 1940, CEPT targets U.S.
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