55,971 Shares in Aldel Financial II Inc. $ALDF Purchased by Sona Asset Management US LLC

Sona Asset Management US LLC purchased a new position in shares of Aldel Financial II Inc. (NASDAQ:ALDF) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,971 shares of the company’s stock, valued at approximately $591,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Meteora Capital LLC grew its stake in shares of Aldel Financial II by 11.2% in the 4th quarter. Meteora Capital LLC now owns 777,447 shares of the company’s stock valued at $8,155,000 after purchasing an additional 78,297 shares during the period. Berkley W R Corp lifted its position in shares of Aldel Financial II by 11.7% during the 1st quarter. Berkley W R Corp now owns 474,710 shares of the company’s stock worth $5,013,000 after buying an additional 49,710 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Aldel Financial II during the 4th quarter worth approximately $4,196,000. Radcliffe Capital Management L.P. boosted its stake in Aldel Financial II by 11.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 370,459 shares of the company’s stock valued at $3,886,000 after buying an additional 38,427 shares in the last quarter. Finally, UBS Group AG boosted its stake in Aldel Financial II by 792.0% in the 4th quarter. UBS Group AG now owns 301,350 shares of the company’s stock valued at $3,161,000 after buying an additional 267,567 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Aldel Financial II from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Aldel Financial II Price Performance

NASDAQ ALDF opened at $10.74 on Monday. The business’s 50 day moving average price is $10.69. Aldel Financial II Inc. has a 1-year low of $10.30 and a 1-year high of $10.74.

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

About Aldel Financial II

We are a blank check company incorporated on July 15, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.