Wealthspring Capital LLC cut its position in Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,835 shares of the company's stock after selling 51,325 shares during the period. Nabors Energy Transition Corp. II accounts for approximately 4.7% of Wealthspring Capital LLC's investment portfolio, making the stock its 7th biggest holding. Wealthspring Capital LLC owned about 0.69% of Nabors Energy Transition Corp. II worth $2,867,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Toronto Dominion Bank acquired a new stake in shares of Nabors Energy Transition Corp. II in the 4th quarter valued at about $13,661,000. D. E. Shaw & Co. Inc. boosted its stake in Nabors Energy Transition Corp. II by 5.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,459,229 shares of the company's stock valued at $15,760,000 after purchasing an additional 75,000 shares during the last quarter. Centiva Capital LP acquired a new position in Nabors Energy Transition Corp. II during the 4th quarter valued at about $1,959,000. Bulldog Investors LLP boosted its stake in 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, Berkley W R Corp boosted its stake in Nabors Energy Transition Corp. II by 15.7% during the 4th quarter. Berkley W R Corp now owns 565,987 shares of the company's stock valued at $6,113,000 after purchasing an additional 76,721 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors and hedge funds.
Nabors Energy Transition Corp. II Stock Up 1.1%
NETD stock traded up $0.12 during mid-day trading on Friday, reaching $11.23. 375,800 shares of the company traded hands, compared to its average volume of 171,291. The stock has a market cap of $428.09 million, a price-to-earnings ratio of 51.05 and a beta of -0.02. Nabors Energy Transition Corp. II has a fifty-two week low of $10.56 and a fifty-two week high of $11.47. The firm's 50 day moving average price is $11.08 and its 200 day moving average price is $10.98.
Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) 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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