Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) major shareholder Mizuho Securities Usa Llc sold 565,000 shares of Nabors Energy Transition Corp. II stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $11.18, for a total value of $6,316,700.00. Following the sale, the insider 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Nabors Energy Transition Corp. II Trading Up 0.3%
Shares of NASDAQ NETD traded up $0.04 during trading hours on Thursday, hitting $11.21. 101,376 shares of the company traded hands, compared to its average volume of 245,480. The company's 50 day moving average price is $11.09 and its 200 day moving average price is $10.99. The stock has a market capitalization of $427.19 million, a price-to-earnings ratio of 50.93 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.
Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On Nabors Energy Transition Corp. II
A number of large investors have recently bought and sold shares of NETD. Quarry LP purchased a new position in Nabors Energy Transition Corp. II during the 4th quarter worth approximately $128,000. Geode Capital Management LLC grew its stake 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 worth $326,000 after buying an additional 2,194 shares during the last quarter. Virtu Financial LLC lifted its holdings in Nabors Energy Transition Corp. II by 319.4% in the first quarter. Virtu Financial LLC now owns 43,976 shares of the company's stock valued at $482,000 after buying an additional 33,490 shares during the period. Centiva Capital LP acquired a new stake in Nabors Energy Transition Corp. II in the fourth quarter worth $1,959,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Nabors Energy Transition Corp. II during the first quarter worth $2,947,000. Institutional investors and hedge funds own 75.52% of the company's stock.
About Nabors Energy Transition Corp. II
(
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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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