Alpine Global Management LLC acquired a new stake in Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 269,115 shares of the company's stock, valued at approximately $2,947,000. Nabors Energy Transition Corp. II makes up about 0.8% of Alpine Global Management LLC's holdings, making the stock its 26th biggest holding. Alpine Global Management LLC owned approximately 0.71% of Nabors Energy Transition Corp. II at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in NETD. Geode Capital Management LLC increased its position in shares of Nabors Energy Transition Corp. II by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 30,176 shares of the company's stock valued at $326,000 after purchasing an additional 2,194 shares during the last quarter. Virtu Financial LLC raised its position in Nabors Energy Transition Corp. II by 319.4% during the first quarter. Virtu Financial LLC now owns 43,976 shares of the company's stock valued at $482,000 after purchasing an additional 33,490 shares during the period. Centiva Capital LP bought a new position in Nabors Energy Transition Corp. II in the fourth quarter worth approximately $1,959,000. Bulldog Investors LLP lifted its holdings in shares of Nabors Energy Transition Corp. II by 14.0% during the 4th quarter. Bulldog Investors LLP now owns 281,360 shares of the company's stock valued at $3,043,000 after purchasing an additional 34,454 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its position in Nabors Energy Transition Corp. II by 49.0% during the 1st quarter. Mizuho Securities USA LLC now owns 408,804 shares of the company's stock worth $4,456,000 after purchasing an additional 134,501 shares during the period. 75.52% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, major shareholder Mizuho Securities Usa Llc sold 565,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $11.18, for a total value of $6,316,700.00. Following the transaction, the insider directly owned 1,235,000 shares in the company, valued at approximately $13,807,300. This trade represents a 31.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 20.00% of the company's stock.
Nabors Energy Transition Corp. II Price Performance
Shares of Nabors Energy Transition Corp. II stock traded down $0.01 during trading on Wednesday, hitting $11.30. 355 shares of the stock were exchanged, compared to its average volume of 2,835. Nabors Energy Transition Corp. II has a 12-month low of $10.57 and a 12-month high of $11.47. The stock has a market cap of $241.15 million, a price-to-earnings ratio of 59.47 and a beta of -0.02. The firm's 50-day moving average price is $11.20 and its 200 day moving average price is $11.07.
Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.06 earnings per share for the quarter.
About Nabors Energy Transition Corp. II
(
Free Report)
Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.
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