Aristeia Capital L.L.C. Takes Position in Armada Acquisition Corp. II $XRPN

Aristeia Capital L.L.C. bought a new position in Armada Acquisition Corp. II (NASDAQ:XRPN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 500,000 shares of the company’s stock, valued at approximately $5,120,000. Aristeia Capital L.L.C. owned about 1.58% of Armada Acquisition Corp. II at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new stake in Armada Acquisition Corp. II in the 4th quarter worth about $1,058,000. Geode Capital Management LLC bought a new position in shares of Armada Acquisition Corp. II during the fourth quarter valued at approximately $155,000. Huntington National Bank purchased a new stake in shares of Armada Acquisition Corp. II in the fourth quarter worth approximately $26,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Armada Acquisition Corp. II in the fourth quarter worth approximately $2,048,000. Finally, Periscope Capital Inc. bought a new stake in shares of Armada Acquisition Corp. II during the 4th quarter worth approximately $2,048,000. 27.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research 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 an average rating of “Sell”.

Armada Acquisition Corp. II Price Performance

Shares of NASDAQ XRPN opened at $10.42 on Thursday. Armada Acquisition Corp. II has a twelve month low of $10.00 and a twelve month high of $10.91. The firm’s fifty day moving average price is $10.39.

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

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.