Pyrophyte Acquisition Corp. II (NYSE:PAII) Releases Quarterly Earnings Results

Pyrophyte Acquisition Corp. II (NYSE:PAII) released its quarterly earnings results on Friday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Pyrophyte Acquisition Corp. II Price Performance

Shares of NYSE PAII opened at $10.15 on Friday. Pyrophyte Acquisition Corp. II has a 1-year low of $9.92 and a 1-year high of $10.22. The company has a fifty day moving average price of $10.14 and a 200 day moving average price of $10.09.

Institutional Trading of Pyrophyte Acquisition Corp. II

A number of institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC bought a new position in shares of Pyrophyte Acquisition Corp. II during the fourth quarter worth about $88,000. ABC Arbitrage SA bought a new stake in Pyrophyte Acquisition Corp. II in the 4th quarter valued at approximately $252,000. Virtu Financial LLC bought a new stake in Pyrophyte Acquisition Corp. II in the 4th quarter valued at approximately $258,000. Cantor Fitzgerald L. P. acquired a new position in Pyrophyte Acquisition Corp. II during the 3rd quarter worth approximately $726,000. Finally, Lineage Point Capital LP bought a new position in shares of Pyrophyte Acquisition Corp. II during the 4th quarter worth approximately $733,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Pyrophyte Acquisition Corp. II in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Pyrophyte Acquisition Corp. II Company Profile

FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.

The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long‐term, sustainable‐value approach.