Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $2.05 Million in Armada Acquisition Corp. II $XRPN

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Armada Acquisition Corp. II (NASDAQ:XRPN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $2,048,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.63% of Armada Acquisition Corp. II at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of XRPN. Huntington National Bank acquired a new position in Armada Acquisition Corp. II during the fourth quarter valued at approximately $26,000. Geode Capital Management LLC bought a new position in shares of Armada Acquisition Corp. II during the fourth quarter worth $155,000. Finally, Wolverine Asset Management LLC bought a new position in shares of Armada Acquisition Corp. II during the fourth quarter worth $1,058,000. Institutional investors own 27.95% of the company’s stock.

Armada Acquisition Corp. II Stock Performance

XRPN opened at $10.40 on Friday. The firm has a 50-day moving average price of $10.37. Armada Acquisition Corp. II has a 1 year low of $10.00 and a 1 year high of $10.91.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research report on Friday, May 29th. One 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 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.