Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 50,000 Shares of Aldel Financial II Inc. $ALDF

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Aldel Financial II Inc. (NASDAQ:ALDF) by 12.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,000 shares of the company’s stock after selling 50,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Aldel Financial II were worth $3,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ALDF. Meteora Capital LLC raised its stake in shares of Aldel Financial II by 11.2% during the 4th quarter. Meteora Capital LLC now owns 777,447 shares of the company’s stock worth $8,155,000 after purchasing an additional 78,297 shares during the period. Radcliffe Capital Management L.P. grew its position in Aldel Financial II by 11.6% during the fourth quarter. Radcliffe Capital Management L.P. now owns 370,459 shares of the company’s stock valued at $3,886,000 after buying an additional 38,427 shares during the period. Verition Fund Management LLC increased its holdings in Aldel Financial II by 89.3% during the fourth quarter. Verition Fund Management LLC now owns 174,890 shares of the company’s stock worth $1,838,000 after buying an additional 82,491 shares during the last quarter. L1 Global Manager Pty Ltd bought a new stake in Aldel Financial II in the fourth quarter worth about $1,678,000. Finally, UBS Group AG raised its position in Aldel Financial II by 792.0% in the fourth quarter. UBS Group AG now owns 301,350 shares of the company’s stock worth $3,161,000 after acquiring an additional 267,567 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Aldel Financial II in a research note on Friday, June 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Aldel Financial II Price Performance

Shares of NASDAQ:ALDF opened at $10.74 on Thursday. The stock’s 50-day simple moving average is $10.67. Aldel Financial II Inc. has a twelve month low of $10.30 and a twelve month high of $10.73.

Aldel Financial II (NASDAQ:ALDF) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter.

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.