Aldel Financial II (NASDAQ:ALDF) Shares Down 0.1% – Here’s Why

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Aldel Financial II in a research note on Monday, January 26th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Aldel Financial II Stock Down 0.1%

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ALDF. Meteora Capital LLC boosted its position in shares of Aldel Financial II by 11.2% in the 4th quarter. Meteora Capital LLC now owns 777,447 shares of the company’s stock worth $8,155,000 after buying an additional 78,297 shares in the last quarter. Radcliffe Capital Management L.P. raised 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 worth $3,886,000 after acquiring an additional 38,427 shares during the last quarter. Verition Fund Management LLC raised its position 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 acquiring an additional 82,491 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new stake in shares of Aldel Financial II in the fourth quarter valued at about $1,678,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Aldel Financial II in the fourth quarter valued at approximately $4,196,000.

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.