Arrington Capital Management LLC Purchases New Position in Armada Acquisition Corp. II $XRPN

Arrington Capital Management LLC purchased a new stake in shares of Armada Acquisition Corp. II (NASDAQ:XRPN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,796,000 shares of the company’s stock, valued at approximately $59,351,000. Armada Acquisition Corp. II comprises approximately 55.7% of Arrington Capital Management LLC’s holdings, making the stock its largest position. Arrington Capital Management LLC owned approximately 18.35% of Armada Acquisition Corp. II as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank bought a new position in Armada Acquisition Corp. II during the fourth quarter valued at approximately $26,000. HRT Financial LP bought a new position in Armada Acquisition Corp. II during the fourth quarter valued at approximately $112,000. Geode Capital Management LLC bought a new position in Armada Acquisition Corp. II during the fourth quarter valued at approximately $155,000. Schonfeld Strategic Advisors LLC bought a new position in Armada Acquisition Corp. II during the fourth quarter valued at approximately $513,000. Finally, Commonwealth Equity Services LLC bought a new position in Armada Acquisition Corp. II during the fourth quarter valued at approximately $849,000. 27.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Armada Acquisition Corp. II has a consensus rating of “Sell”.

Armada Acquisition Corp. II Price Performance

NASDAQ:XRPN opened at $10.42 on Thursday. Armada Acquisition Corp. II has a 1 year low of $10.00 and a 1 year high of $10.91. The company has a 50 day moving average of $10.39.

Armada Acquisition Corp. II (NASDAQ:XRPN) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter.

Armada Acquisition Corp. II Profile

Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.

Following its public listing, Armada Acquisition Corp.