Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 50,000 Shares of Aldel Financial II Inc. $ALDF

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of Aldel Financial II Inc. (NASDAQ:ALDF) by 12.5% during the first quarter, HoldingsChannel.com reports. The firm owned 350,000 shares of the company’s stock after selling 50,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Aldel Financial II were worth $3,696,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. 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 worth $3,161,000 after purchasing an additional 267,567 shares during the period. L1 Global Manager Pty Ltd bought a new stake in shares of Aldel Financial II during the fourth quarter valued at about $1,678,000. Verition Fund Management LLC increased its position in shares of Aldel Financial II by 89.3% during the fourth quarter. Verition Fund Management LLC now owns 174,890 shares of the company’s stock valued at $1,838,000 after buying an additional 82,491 shares during the period. Radcliffe Capital Management L.P. lifted its holdings in shares of Aldel Financial II by 11.6% in the fourth quarter. Radcliffe Capital Management L.P. now owns 370,459 shares of the company’s stock worth $3,886,000 after buying an additional 38,427 shares in the last quarter. Finally, Meteora Capital LLC lifted its holdings in shares of Aldel Financial II by 11.2% in the fourth quarter. Meteora Capital LLC now owns 777,447 shares of the company’s stock worth $8,155,000 after buying an additional 78,297 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Aldel Financial II in a research report on Friday, June 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Aldel Financial II Trading Up 0.4%

Shares of ALDF opened at $10.74 on Thursday. Aldel Financial II Inc. has a 1-year low of $10.30 and a 1-year high of $10.73. The company has a 50 day moving average of $10.67.

Aldel Financial II (NASDAQ:ALDF) last released its quarterly earnings results on Friday, May 8th. The company reported $0.06 EPS for the quarter.

Aldel Financial II Profile

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.