Mizuho Securities USA LLC Acquires 134,501 Shares of Nabors Energy Transition Corp. II (NASDAQ:NETD)

Key Points

• Mizuho Securities USA LLC has increased its stake in Nabors Energy Transition Corp. II (NASDAQ:NETD) by 49.0%, owning 408,804 shares valued at approximately $4.46 million as of the latest SEC filing.
• Overall, 75.52% of Nabors Energy Transition Corp. II's stock is currently held by institutional investors and hedge funds, indicating strong institutional interest.
• Nabors Energy Transition Corp. II reported a quarterly earnings per share (EPS) of $0.02 for the period ending May 14, reflecting its ongoing activities in facilitating energy transition technologies.

Mizuho Securities USA LLC increased its position in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 49.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 408,804 shares of the company's stock after buying an additional 134,501 shares during the period. Mizuho Securities USA LLC owned about 1.07% of Nabors Energy Transition Corp. II worth $4,456,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Nabors Energy Transition Corp. II during the fourth quarter valued at approximately $128,000. Geode Capital Management LLC grew its position in Nabors Energy Transition Corp. II by 7.8% during the fourth 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 in the last quarter. Centiva Capital LP purchased a new position in Nabors Energy Transition Corp. II during the fourth quarter valued at approximately $1,959,000. Bulldog Investors LLP grew its position in Nabors Energy Transition Corp. II by 14.0% in the fourth quarter. Bulldog Investors LLP now owns 281,360 shares of the company's stock worth $3,043,000 after acquiring an additional 34,454 shares in the last quarter. Finally, Berkley W R Corp grew its position in Nabors Energy Transition Corp. II by 15.7% in the fourth quarter. Berkley W R Corp now owns 565,987 shares of the company's stock worth $6,113,000 after acquiring an additional 76,721 shares in the last quarter. 75.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nabors Energy Transition Corp. II

In related news, major shareholder Mizuho Securities Usa Llc sold 565,000 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $11.18, for a total transaction of $6,316,700.00. Following the completion of the transaction, the insider directly owned 1,235,000 shares in the company, valued at $13,807,300. This represents a 31.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 20.00% of the company's stock.

Nabors Energy Transition Corp. II Stock Down 0.0%

NETD stock traded down $0.00 during trading hours on Thursday, hitting $11.26. The company's stock had a trading volume of 142 shares, compared to its average volume of 83,929. The company has a market capitalization of $429.08 million, a PE ratio of 51.17 and a beta of -0.02. 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 50 day moving average price of $11.15 and a two-hundred day moving average price of $11.03.

Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.06 earnings per share for the quarter.

Nabors Energy Transition Corp. II Profile

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.