K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) Posts Quarterly Earnings Results

K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) issued its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

K&F GROWTH ACQUISITION CORP. II Trading Up 0.2%

Shares of KFII stock traded up $0.02 during trading on Thursday, reaching $10.63. The company’s stock had a trading volume of 1,206 shares, compared to its average volume of 52,096. K&F GROWTH ACQUISITION CORP. II has a 1-year low of $10.16 and a 1-year high of $10.63. The stock’s 50-day moving average price is $10.58 and its 200 day moving average price is $10.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of K&F GROWTH ACQUISITION CORP. II in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, K&F GROWTH ACQUISITION CORP. II has a consensus rating of “Sell”.

Institutional Trading of K&F GROWTH ACQUISITION CORP. II

Several hedge funds have recently modified their holdings of the stock. L1 Global Manager Pty Ltd purchased a new stake in K&F GROWTH ACQUISITION CORP. II during the 4th quarter worth about $2,585,000. Sona Asset Management US LLC acquired a new position in shares of K&F GROWTH ACQUISITION CORP. II during the 1st quarter worth about $1,125,000. Radcliffe Capital Management L.P. boosted its holdings in K&F GROWTH ACQUISITION CORP. II by 24.7% in the fourth quarter. Radcliffe Capital Management L.P. now owns 633,889 shares of the company’s stock valued at $6,551,000 after purchasing an additional 125,598 shares in the last quarter. Berkley W R Corp grew its position in shares of K&F GROWTH ACQUISITION CORP. II by 10.2% in the 1st quarter. Berkley W R Corp now owns 1,074,855 shares of the company’s stock valued at $11,211,000 after buying an additional 99,400 shares during the last quarter. Finally, Rivernorth Capital Management LLC grew its holdings in shares of K&F GROWTH ACQUISITION CORP. II by 2.0% during the fourth quarter. Rivernorth Capital Management LLC now owns 509,513 shares of the company’s stock worth $5,258,000 after purchasing an additional 9,769 shares during the last quarter.

About K&F GROWTH ACQUISITION CORP. II

K&F Growth Acquisition Corp. II is a Delaware-incorporated special purpose acquisition company (SPAC) that completed its initial public offering in late 2021. As a blank-check vehicle, the company was formed for the purpose of identifying and consummating a business combination with one or more operating businesses, thereby taking a target company public. It holds the proceeds of its IPO in a trust account pending the completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination.

The sponsor of K&F Growth Acquisition Corp.