Wolverine Asset Management LLC Acquires 537,522 Shares of Nabors Energy Transition Corp. II $NETD

Wolverine Asset Management LLC increased its holdings in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD) by 67.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,337,286 shares of the company’s stock after purchasing an additional 537,522 shares during the period. Wolverine Asset Management LLC owned approximately 3.51% of Nabors Energy Transition Corp. II worth $14,844,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NETD. Mizuho Securities USA LLC grew its position in shares of Nabors Energy Transition Corp. II by 49.0% during the 1st quarter. Mizuho Securities USA LLC now owns 408,804 shares of the company’s stock worth $4,456,000 after buying an additional 134,501 shares during the period. Virtu Financial LLC grew its holdings in Nabors Energy Transition Corp. II by 319.4% in the first quarter. Virtu Financial LLC now owns 43,976 shares of the company’s stock worth $482,000 after purchasing an additional 33,490 shares during the period. Alpine Global Management LLC acquired a new stake in Nabors Energy Transition Corp. II in the first quarter worth $2,947,000. K2 Principal Fund L.P. bought a new stake in Nabors Energy Transition Corp. II in the first quarter valued at $3,285,000. Finally, Millennium Management LLC raised its holdings in shares of Nabors Energy Transition Corp. II by 175.0% during the first quarter. Millennium Management LLC now owns 550,000 shares of the company’s stock valued at $6,022,000 after purchasing an additional 350,000 shares during the period. 75.52% of the stock is owned by institutional investors and hedge funds.

Nabors Energy Transition Corp. II Stock Up 0.2%

NETD stock opened at $11.34 on Friday. The firm has a market capitalization of $242.11 million, a PE ratio of 59.69 and a beta of -0.02. Nabors Energy Transition Corp. II has a twelve month low of $10.68 and a twelve month high of $11.47. The stock’s 50 day moving average is $11.28 and its 200-day moving average is $11.17.

Nabors Energy Transition Corp. II (NASDAQ:NETD) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.06 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Nabors Energy Transition Corp. II in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Nabors Energy Transition Corp. II Company Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.