Virtu Financial LLC Acquires 33,490 Shares of Nabors Energy Transition Corp. II $NETD

Key Points

• Virtu Financial LLC significantly increased its stake in Nabors Energy Transition Corp. II by 319.4%, owning 43,976 shares valued at $482,000 at the end of the reporting period.
• Other institutional investors also expanded their positions, with Toronto Dominion Bank investing $13.66 million and Mizuho Securities USA LLC increasing its holdings by 49.0% in the first quarter.
• Insider activity noted that a major shareholder, Mizuho Securities, sold 565,000 shares, decreasing their ownership by 31.39% and retaining approximately 1,235,000 shares valued at $13.81 million.

Virtu Financial LLC increased its position in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 319.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,976 shares of the company's stock after acquiring an additional 33,490 shares during the period. Virtu Financial LLC owned about 0.12% of Nabors Energy Transition Corp. II worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NETD. Quarry LP acquired a new stake in shares of Nabors Energy Transition Corp. II in the 4th quarter valued at $128,000. Geode Capital Management LLC lifted 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 worth $326,000 after buying an additional 2,194 shares during the last quarter. Centiva Capital LP acquired a new stake in Nabors Energy Transition Corp. II in the fourth quarter valued at about $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 valued at $3,043,000 after acquiring 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% in the first quarter. Mizuho Securities USA LLC now owns 408,804 shares of the company's stock valued at $4,456,000 after acquiring an additional 134,501 shares during the last quarter. 75.52% of the stock is owned by institutional investors.

Insider Activity

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 stock was sold at an average price of $11.18, for a total transaction of $6,316,700.00. Following the sale, the insider owned 1,235,000 shares of the company's stock, valued at $13,807,300. This trade represents a 31.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 20.00% of the company's stock.

Nabors Energy Transition Corp. II Stock Down 0.4%

Shares of NETD stock traded down $0.05 on Monday, reaching $11.25. The company had a trading volume of 3,872 shares, compared to its average volume of 65,255. The business's 50-day moving average is $11.16 and its 200 day moving average is $11.04. Nabors Energy Transition Corp. II has a one year low of $10.57 and a one year high of $11.47. The stock has a market capitalization of $428.72 million, a PE ratio of 59.19 and a beta of -0.02.

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