Sculptor Capital LP Invests $2.56 Million in Armada Acquisition Corp. II $XRPN

Sculptor Capital LP bought a new position in Armada Acquisition Corp. II (NASDAQ:XRPN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 250,000 shares of the company’s stock, valued at approximately $2,560,000. Sculptor Capital LP owned about 0.79% of Armada Acquisition Corp. II as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wolverine Asset Management LLC acquired a new position in shares of Armada Acquisition Corp. II in the 4th quarter valued at about $1,058,000. Mint Tower Capital Management B.V. acquired a new position in shares of Armada Acquisition Corp. II in the 4th quarter valued at about $2,560,000. Context Capital Management LLC acquired a new position in shares of Armada Acquisition Corp. II in the 4th quarter valued at about $3,584,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Armada Acquisition Corp. II in the 4th quarter valued at about $2,048,000. Finally, Periscope Capital Inc. acquired a new position in shares of Armada Acquisition Corp. II in the 4th quarter valued at about $2,048,000. Institutional investors own 27.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Armada Acquisition Corp. II Stock Up 0.2%

NASDAQ XRPN opened at $10.42 on Tuesday. Armada Acquisition Corp. II has a one year low of $10.00 and a one year high of $10.91. The firm has a 50-day simple moving average of $10.38.

Armada Acquisition Corp. II (NASDAQ:XRPN) last posted its earnings results 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.