Aldel Financial II (NASDAQ:ALDF) Stock Jumps 0.1% – Here’s What Happened

Aldel Financial II Inc. (NASDAQ:ALDF) shares were up 0.1% during mid-day trading on Friday. The stock traded as high as $10.82 and last traded at $10.8350. Approximately 622 shares were traded during mid-day trading, a decline of 98% from the average session volume of 34,104 shares. The stock had previously closed at $10.82.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Aldel Financial II from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Aldel Financial II Stock Up 0.1%

The business has a fifty day moving average of $10.79 and a two-hundred day moving average of $10.69.

Aldel Financial II (NASDAQ:ALDF) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.06 EPS for the quarter.

Institutional Investors Weigh In On Aldel Financial II

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Berkley W R Corp raised its position in Aldel Financial II by 11.7% during the first quarter. Berkley W R Corp now owns 474,710 shares of the company’s stock worth $5,013,000 after acquiring an additional 49,710 shares during the period. Radcliffe Capital Management L.P. grew its position in shares of Aldel Financial II by 11.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 370,459 shares of the company’s stock valued at $3,886,000 after purchasing an additional 38,427 shares during the period. L1 Global Manager Pty Ltd purchased a new stake in shares of Aldel Financial II during the fourth quarter worth about $1,678,000. Finally, Sona Asset Management US LLC purchased a new stake in shares of Aldel Financial II during the first quarter worth about $591,000.

Aldel Financial II Company Profile