Clear Street Group Inc. Invests $2.99 Million in Armada Acquisition Corp. II $XRPN

Clear Street Group Inc. acquired a new position in shares of Armada Acquisition Corp. II (NASDAQ:XRPN) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 291,625 shares of the company’s stock, valued at approximately $2,986,000.

A number of other large investors have also modified their holdings of the stock. Huntington National Bank purchased a new stake in shares of Armada Acquisition Corp. II during the fourth quarter worth $26,000. HRT Financial LP purchased a new position in Armada Acquisition Corp. II in the fourth quarter valued at $112,000. Geode Capital Management LLC purchased a new position in Armada Acquisition Corp. II in the fourth quarter valued at $155,000. Commonwealth Equity Services LLC purchased a new position in Armada Acquisition Corp. II in the fourth quarter valued at $849,000. Finally, Bulldog Investors LLP purchased a new position in Armada Acquisition Corp. II in the fourth quarter valued at $1,024,000. Hedge funds and other institutional investors own 27.95% of the company’s stock.

Armada Acquisition Corp. II Stock Performance

NASDAQ:XRPN opened at $10.40 on Monday. The company has a fifty day simple moving average of $10.38. Armada Acquisition Corp. II has a 12 month low of $10.00 and a 12 month high of $10.91.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.