ADAR1 Capital Management LLC Sells 20,000 Shares of Nabors Energy Transition Corp. II (NASDAQ:NETD)

ADAR1 Capital Management LLC lowered its stake in Nabors Energy Transition Corp. II (NASDAQ:NETD) by 33.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,900 shares of the company’s stock after selling 20,000 shares during the quarter. ADAR1 Capital Management LLC owned about 0.10% of Nabors Energy Transition Corp. II worth $431,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Nabors Energy Transition Corp. II by 51.9% during the third quarter. Geode Capital Management LLC now owns 27,982 shares of the company’s stock valued at $298,000 after buying an additional 9,557 shares during the last quarter. Mizuho Securities USA LLC purchased a new stake in Nabors Energy Transition Corp. II during the fourth quarter valued at $2,954,000. Decagon Asset Management LLP bought a new position in Nabors Energy Transition Corp. II during the fourth quarter valued at $5,184,000. Finally, Wolverine Asset Management LLC grew its stake in shares of Nabors Energy Transition Corp. II by 2.5% in the 4th quarter. Wolverine Asset Management LLC now owns 634,474 shares of the company’s stock worth $6,852,000 after buying an additional 15,438 shares in the last quarter. 75.52% of the stock is owned by institutional investors.

Nabors Energy Transition Corp. II Stock Performance

Shares of NASDAQ NETD opened at $10.98 on Monday. The firm’s 50-day moving average price is $10.93 and its 200-day moving average price is $10.80. The stock has a market capitalization of $418.61 million, a price-to-earnings ratio of 36.60 and a beta of -0.02. Nabors Energy Transition Corp. II has a 12-month low of $10.44 and a 12-month high of $11.10.

Nabors Energy Transition Corp. II (NASDAQ:NETD) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.01 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.