Wolverine Asset Management LLC Purchases 165,290 Shares of Nabors Energy Transition Corp. II (NASDAQ:NETD)

Key Points

• Wolverine Asset Management LLC increased its stake in Nabors Energy Transition Corp. II by 26.1% in the first quarter, owning approximately 2.10% of the company valued at $8.76 million.
• The stock of Nabors Energy Transition Corp. II opened at $11.26 and has a market cap of $429.04 million with a PE ratio of 51.16.
• Major shareholder Mizuho Securities USA LLC sold 565,000 shares of the company, marking a 31.39% decrease in their ownership.

Wolverine Asset Management LLC raised its stake in Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 26.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 799,764 shares of the company's stock after acquiring an additional 165,290 shares during the quarter. Wolverine Asset Management LLC owned approximately 2.10% of Nabors Energy Transition Corp. II worth $8,757,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank bought a new position in Nabors Energy Transition Corp. II during the 4th quarter worth approximately $13,661,000. D. E. Shaw & Co. Inc. raised its holdings 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 worth $15,760,000 after purchasing an additional 75,000 shares during the last quarter. Centiva Capital LP bought a new position in Nabors Energy Transition Corp. II during the 4th quarter worth approximately $1,959,000. Bulldog Investors LLP raised its holdings 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 worth $3,043,000 after purchasing an additional 34,454 shares during the last quarter. Finally, Berkley W R Corp raised its holdings 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 worth $6,113,000 after purchasing an additional 76,721 shares during the last quarter. Institutional investors own 75.52% of the company's stock.

Insider Buying and Selling

In other Nabors Energy Transition Corp. II news, major shareholder Mizuho Securities Usa Llc sold 565,000 shares of the business'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 sale, the insider owned 1,235,000 shares in the company, valued at approximately $13,807,300. The trade was a 31.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 20.00% of the company's stock.

Nabors Energy Transition Corp. II Stock Performance

Shares of Nabors Energy Transition Corp. II stock traded down $0.02 on Tuesday, reaching $11.26. 11,021 shares of the company's stock were exchanged, compared to its average volume of 140,163. The firm's 50-day moving average is $11.14 and its two-hundred day moving average is $11.03. The company has a market capitalization of $429.23 million, a P/E ratio of 51.18 and a beta of -0.02. Nabors Energy Transition Corp. II has a 52 week low of $10.57 and a 52 week high of $11.47.

Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter.

Nabors Energy Transition Corp. II Company 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.