DLD Asset Management LP Purchases New Position in Nabors Energy Transition Corp. II $NETD

DLD Asset Management LP acquired a new position in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 812,271 shares of the company’s stock, valued at approximately $9,016,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthspring Capital LLC increased its stake in shares of Nabors Energy Transition Corp. II by 495.8% during the second quarter. Wealthspring Capital LLC now owns 1,560,107 shares of the company’s stock worth $17,317,000 after purchasing an additional 1,298,272 shares during the period. Wolverine Asset Management LLC grew its holdings in Nabors Energy Transition Corp. II by 67.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 1,337,286 shares of the company’s stock valued at $14,844,000 after buying an additional 537,522 shares in the last quarter. Millennium Management LLC increased its position in Nabors Energy Transition Corp. II by 175.0% during the 1st quarter. Millennium Management LLC now owns 550,000 shares of the company’s stock worth $6,022,000 after buying an additional 350,000 shares during the period. K2 Principal Fund L.P. acquired a new stake in shares of Nabors Energy Transition Corp. II during the first quarter worth $3,285,000. Finally, Alpine Global Management LLC bought a new stake in shares of Nabors Energy Transition Corp. II in the first quarter valued at about $2,947,000. Institutional investors and hedge funds own 75.52% of the company’s stock.

Nabors Energy Transition Corp. II Stock Down 0.3%

Shares of Nabors Energy Transition Corp. II stock opened at $11.52 on Thursday. Nabors Energy Transition Corp. II has a 12-month low of $10.72 and a 12-month high of $11.75. The company has a market capitalization of $245.95 million, a price-to-earnings ratio of -1,152,000.00 and a beta of -0.02. The firm’s 50-day moving average price is $11.35 and its two-hundred day moving average price is $11.22.

Nabors Energy Transition Corp. II (NASDAQ:NETD) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.09) earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Nabors Energy Transition Corp. II in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Nabors Energy Transition Corp. II Company 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.