ADAR1 Capital Management LLC Sells 48,500 Shares of Ares Acquisition Corporation II $AACT

Key Points

• ADAR1 Capital Management LLC has decreased its stake in Ares Acquisition Corporation II by 34.9%, holding approximately $1.01 million worth of shares after selling 48,500 shares.
• Other institutional investors, like Westchester Capital Management LLC and Mizuho Securities USA LLC, have significantly increased their holdings in the company by 27.5% and 867.2%, respectively.
• The current share price of Ares Acquisition Corporation II is $11.42, with a 52-week range between $10.75 and $11.62.

ADAR1 Capital Management LLC trimmed its holdings in shares of Ares Acquisition Corporation II (NYSE:AACT - Free Report) by 34.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 90,466 shares of the company's stock after selling 48,500 shares during the period. ADAR1 Capital Management LLC owned approximately 0.14% of Ares Acquisition Corporation II worth $1,009,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Westchester Capital Management LLC raised its position in Ares Acquisition Corporation II by 27.5% in the 1st quarter. Westchester Capital Management LLC now owns 3,951,420 shares of the company's stock worth $44,058,000 after buying an additional 852,733 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Ares Acquisition Corporation II by 867.2% during the 1st quarter. Mizuho Securities USA LLC now owns 3,133,249 shares of the company's stock valued at $34,842,000 after acquiring an additional 2,809,299 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Ares Acquisition Corporation II by 2.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,475,000 shares of the company's stock worth $27,176,000 after acquiring an additional 61,500 shares during the period. Toronto Dominion Bank purchased a new position in shares of Ares Acquisition Corporation II during the fourth quarter valued at approximately $21,519,000. Finally, Bulldog Investors LLP raised its holdings in shares of Ares Acquisition Corporation II by 54.9% during the fourth quarter. Bulldog Investors LLP now owns 523,243 shares of the company's stock valued at $5,745,000 after purchasing an additional 185,556 shares during the last quarter. 72.95% of the stock is owned by hedge funds and other institutional investors.

Ares Acquisition Corporation II Stock Performance

Shares of AACT stock traded up $0.01 on Friday, reaching $11.42. The stock had a trading volume of 370,693 shares, compared to its average volume of 281,331. Ares Acquisition Corporation II has a 1 year low of $10.77 and a 1 year high of $11.62. The company has a 50 day simple moving average of $11.39 and a 200 day simple moving average of $11.28.

About Ares Acquisition Corporation II

Ares Acquisition Corp. II is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on March 15, 2021 and is headquartered in New York, NY.