Berkley W R Corp Has $5.01 Million Stock Holdings in Aldel Financial II Inc. $ALDF

Berkley W R Corp lifted its stake in shares of Aldel Financial II Inc. (NASDAQ:ALDF) by 11.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,710 shares of the company’s stock after acquiring an additional 49,710 shares during the quarter. Berkley W R Corp’s holdings in Aldel Financial II were worth $5,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meteora Capital LLC boosted its holdings in Aldel Financial II by 11.2% in the fourth quarter. Meteora Capital LLC now owns 777,447 shares of the company’s stock valued at $8,155,000 after acquiring an additional 78,297 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Aldel Financial II during the 4th quarter worth approximately $4,196,000. Radcliffe Capital Management L.P. lifted its position in shares of Aldel Financial II by 11.6% in the 4th quarter. Radcliffe Capital Management L.P. now owns 370,459 shares of the company’s stock worth $3,886,000 after purchasing an additional 38,427 shares during the period. UBS Group AG lifted its position in shares of Aldel Financial II by 792.0% in the 4th quarter. UBS Group AG now owns 301,350 shares of the company’s stock worth $3,161,000 after purchasing an additional 267,567 shares during the period. Finally, Verition Fund Management LLC lifted its position in shares of Aldel Financial II by 89.3% in the 4th quarter. Verition Fund Management LLC now owns 174,890 shares of the company’s stock worth $1,838,000 after purchasing an additional 82,491 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Aldel Financial II from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Aldel Financial II presently has an average rating of “Sell”.

Aldel Financial II Price Performance

Shares of ALDF stock opened at $10.74 on Monday. The stock’s 50 day moving average is $10.69. Aldel Financial II Inc. has a 52 week low of $10.30 and a 52 week high of $10.74.

Aldel Financial II (NASDAQ:ALDF) last released its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter.

Aldel Financial II Profile

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.