Sona Asset Management US LLC Invests $1.81 Million in Gesher Acquisition Corp. II $GSHR

Sona Asset Management US LLC acquired a new stake in shares of Gesher Acquisition Corp. II (NASDAQ:GSHR) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 174,729 shares of the company’s stock, valued at approximately $1,810,000. Sona Asset Management US LLC owned 0.85% of Gesher Acquisition Corp. II as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Gesher Acquisition Corp. II during the fourth quarter valued at $156,000. Meteora Capital LLC purchased a new stake in Gesher Acquisition Corp. II in the 4th quarter valued at about $437,000. Glazer Capital LLC grew its stake in Gesher Acquisition Corp. II by 12.2% in the 4th quarter. Glazer Capital LLC now owns 224,254 shares of the company’s stock worth $2,302,000 after acquiring an additional 24,299 shares in the last quarter. Radcliffe Capital Management L.P. grew its stake in Gesher Acquisition Corp. II by 34.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 227,045 shares of the company’s stock worth $2,331,000 after acquiring an additional 58,339 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Gesher Acquisition Corp. II during the fourth quarter worth approximately $4,107,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Gesher Acquisition Corp. II in a report on Friday, June 26th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Gesher Acquisition Corp. II currently has a consensus rating of “Sell”.

Gesher Acquisition Corp. II Trading Up 0.1%

Shares of Gesher Acquisition Corp. II stock opened at $10.48 on Monday. The business’s 50-day simple moving average is $10.43. Gesher Acquisition Corp. II has a 1 year low of $9.51 and a 1 year high of $11.20.

Gesher Acquisition Corp. II (NASDAQ:GSHR) last announced its quarterly earnings results on Friday, March 27th. The company reported $0.04 earnings per share for the quarter.

Gesher Acquisition Corp. II Profile

Gesher Acquisition Corp. II (NASDAQ: GSHR) is a special purpose acquisition company (SPAC) listed on the Nasdaq Stock Market. As a blank‑check vehicle, the company’s principal business activity is to identify, negotiate and complete a business combination with one or more operating businesses. Like other SPACs, it was created to use public capital markets as a mechanism to bring a private target company public via a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Gesher Acquisition Corp.