350,000 Shares in Armada Acquisition Corp. II $XRPN Purchased by Context Capital Management LLC

Context Capital Management LLC purchased a new position in Armada Acquisition Corp. II (NASDAQ:XRPN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 350,000 shares of the company’s stock, valued at approximately $3,584,000. Context Capital Management LLC owned approximately 1.11% of Armada Acquisition Corp. II at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in XRPN. Westchester Capital Management LLC bought a new stake in shares of Armada Acquisition Corp. II during the 4th quarter worth $8,534,000. Berkley W R Corp purchased a new stake in shares of Armada Acquisition Corp. II during the fourth quarter valued at $5,652,000. Walleye Capital LLC acquired a new position in shares of Armada Acquisition Corp. II in the 4th quarter valued at $1,536,000. DLD Asset Management LP acquired a new position in shares of Armada Acquisition Corp. II in the 4th quarter valued at $2,039,000. Finally, Hudson Bay Capital Management LP purchased a new position in Armada Acquisition Corp. II in the 4th quarter worth about $2,186,000. Institutional investors own 27.95% of the company’s stock.

Armada Acquisition Corp. II Stock Down 0.1%

XRPN opened at $10.40 on Friday. Armada Acquisition Corp. II has a 12-month low of $10.00 and a 12-month high of $10.91. The firm has a fifty day simple moving average of $10.38.

Armada Acquisition Corp. II (NASDAQ:XRPN) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.04 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Armada Acquisition Corp. II Company 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.