Context Capital Management LLC Acquires 300,000 Shares of Insight Digital Partners II $DYOR

Context Capital Management LLC bought a new position in Insight Digital Partners II (NASDAQ:DYOR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 300,000 shares of the company’s stock, valued at approximately $3,045,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sona Asset Management US LLC bought a new stake in shares of Insight Digital Partners II during the first quarter worth $2,221,000. Bulldog Investors LLP boosted its stake in shares of Insight Digital Partners II by 57.0% during the first quarter. Bulldog Investors LLP now owns 323,088 shares of the company’s stock valued at $3,216,000 after purchasing an additional 117,290 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Insight Digital Partners II in the first quarter worth about $3,984,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Insight Digital Partners II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insight Digital Partners II Stock Up 0.1%

Shares of NASDAQ:DYOR opened at $10.18 on Wednesday. The firm’s 50 day simple moving average is $10.15 and its 200-day simple moving average is $10.06. Insight Digital Partners II has a one year low of $9.87 and a one year high of $10.47.

Insight Digital Partners II (NASDAQ:DYOR) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.06 earnings per share for the quarter.

Insight Digital Partners II Company Profile

Insight Digital Partners II is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, acquisition or similar business combination with an operating company. Unlike a traditional operating company, Insight Digital Partners II does not offer products or services to customers of its own. Its business activity centers on identifying and completing a transaction with a target company; until then, it has no independent operating business to describe.