Cantor Equity Partners II Inc. $CEPT Shares Bought by K2 Principal Fund L.P.

K2 Principal Fund L.P. grew its stake in Cantor Equity Partners II Inc. (NASDAQ:CEPT) by 130.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,129 shares of the company’s stock after purchasing an additional 196,191 shares during the period. K2 Principal Fund L.P. owned about 1.14% of Cantor Equity Partners II worth $3,909,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CEPT. Clear Street Group Inc. purchased a new stake in Cantor Equity Partners II in the 3rd quarter worth approximately $119,000. Hunting Hill Global Capital LLC boosted its position in Cantor Equity Partners II by 9.0% in the 3rd quarter. Hunting Hill Global Capital LLC now owns 18,105 shares of the company’s stock worth $190,000 after purchasing an additional 1,500 shares in the last quarter. Gabelli Funds LLC purchased a new stake in Cantor Equity Partners II in the 2nd quarter worth approximately $238,000. Prelude Capital Management LLC purchased a new stake in Cantor Equity Partners II in the 3rd quarter worth approximately $238,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Cantor Equity Partners II in the 2nd quarter worth approximately $278,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CEPT shares. Weiss Ratings upgraded Cantor Equity Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Benchmark started coverage on Cantor Equity Partners II in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.00.

Cantor Equity Partners II Price Performance

Shares of NASDAQ:CEPT opened at $11.93 on Friday. Cantor Equity Partners II Inc. has a 1 year low of $10.32 and a 1 year high of $14.05. The firm has a market capitalization of $364.82 million and a price-to-earnings ratio of -108.45. The business’s 50 day moving average price is $11.89 and its 200-day moving average price is $11.51.

Cantor Equity Partners II (NASDAQ:CEPT) last announced its earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $3.88 million for the quarter.

Cantor Equity Partners II Profile

Cantor Equity Partners II (NASDAQ: CEPT) is a closed-end management investment company that focuses on providing customized capital solutions to private, middle-market companies in the United States. Listed on the Nasdaq, CEPT seeks to deliver attractive risk-adjusted returns by investing across a spectrum of debt and equity instruments. Its portfolio may include senior secured loans, subordinated and mezzanine debt, preferred equity, and common equity, allowing it to tailor financing structures to meet the specific growth, acquisition or recapitalization needs of its portfolio companies.

As a business development company registered under the Investment Company Act of 1940, CEPT targets U.S.