Aldel Financial II (NASDAQ:ALDF) Stock Price Down 0.1% – Should You Sell?

Aldel Financial II Inc. (NASDAQ:ALDF)’s share price dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $10.55 and last traded at $10.55. Approximately 94,462 shares changed hands during trading, an increase of 745% from the average daily volume of 11,177 shares. The stock had previously closed at $10.56.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on Aldel Financial II in a report on Monday, January 26th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, Aldel Financial II has a consensus rating of “Sell”.

Aldel Financial II Price Performance

Hedge Funds Weigh In On Aldel Financial II

Several large investors have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in Aldel Financial II by 792.0% in the 4th quarter. UBS Group AG now owns 301,350 shares of the company’s stock valued at $3,161,000 after buying an additional 267,567 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Aldel Financial II during the 4th quarter worth about $4,196,000. L1 Global Manager Pty Ltd acquired a new stake in shares of Aldel Financial II in the fourth quarter worth approximately $1,678,000. Radcliffe Capital Management L.P. grew its holdings in 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 valued at $3,886,000 after purchasing an additional 38,427 shares during the period. Finally, Meteora Capital LLC grew its holdings in Aldel Financial II by 11.2% in the fourth quarter. Meteora Capital LLC now owns 777,447 shares of the company’s stock valued at $8,155,000 after purchasing an additional 78,297 shares during the period.

About Aldel Financial II

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.