Radcliffe Capital Management L.P. Takes Position in Armada Acquisition Corp. II $XRPN

Radcliffe Capital Management L.P. bought a new stake in shares of Armada Acquisition Corp. II (NASDAQ:XRPN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 466,789 shares of the company’s stock, valued at approximately $4,780,000.

Other large investors have also bought and sold shares of the company. Huntington National Bank bought a new position in shares of Armada Acquisition Corp. II during the 4th quarter worth about $26,000. HRT Financial LP acquired a new position in Armada Acquisition Corp. II during the 4th quarter worth approximately $112,000. Geode Capital Management LLC bought a new position in Armada Acquisition Corp. II in the fourth quarter worth approximately $155,000. Commonwealth Equity Services LLC bought a new position in Armada Acquisition Corp. II in the fourth quarter worth approximately $849,000. Finally, Bulldog Investors LLP acquired a new stake in Armada Acquisition Corp. II in the fourth quarter valued at approximately $1,024,000. 27.95% of the stock is currently owned by institutional investors and hedge funds.

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Armada Acquisition Corp. II presently has a consensus rating of “Sell”.

Armada Acquisition Corp. II Trading Up 0.1%

Shares of NASDAQ XRPN opened at $10.43 on Wednesday. Armada Acquisition Corp. II has a fifty-two week low of $10.00 and a fifty-two week high of $10.91. The company has a 50-day simple moving average of $10.38.

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

Armada Acquisition Corp. II 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.