Wolverine Asset Management LLC Grows Position in 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 shares of Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 799,764 shares of the company's stock after acquiring an additional 165,290 shares during the period. Wolverine Asset Management LLC owned about 2.10% of Nabors Energy Transition Corp. II worth $8,757,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Nabors Energy Transition Corp. II during the fourth quarter valued at about $128,000. Geode Capital Management LLC increased its stake in Nabors Energy Transition Corp. II by 7.8% in the 4th quarter. Geode Capital Management LLC now owns 30,176 shares of the company's stock valued at $326,000 after buying an additional 2,194 shares during the last quarter. Centiva Capital LP purchased a new stake in Nabors Energy Transition Corp. II in the 4th quarter valued at about $1,959,000. Bulldog Investors LLP lifted its position 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 worth $3,043,000 after buying an additional 34,454 shares in the last quarter. Finally, Berkley W R Corp boosted its stake in shares of Nabors Energy Transition Corp. II by 15.7% in the 4th quarter. Berkley W R Corp now owns 565,987 shares of the company's stock worth $6,113,000 after buying an additional 76,721 shares during the last quarter. 75.52% of the stock is owned by hedge funds and other institutional investors.

Nabors Energy Transition Corp. II Stock Down 0.2%

NETD stock opened at $11.26 on Friday. The firm has a market cap of $429.04 million, a PE ratio of 51.16 and a beta of -0.02. The business has a 50 day moving average of $11.13 and a 200-day moving average of $11.02. Nabors Energy Transition Corp. II has a 12-month low of $10.57 and a 12-month high of $11.47.

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

Insider Activity at Nabors Energy Transition Corp. II

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 dated 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 $13,807,300. The trade was a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.00% of the stock is owned by insiders.

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.

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