DLD Asset Management LP Sells 50,000 Shares of Archimedes Tech SPAC Partners II Co. $ATII

DLD Asset Management LP decreased its position in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 25.0% in the first quarter, Holdings Channel reports. The firm owned 150,000 shares of the company’s stock after selling 50,000 shares during the period. DLD Asset Management LP’s holdings in Archimedes Tech SPAC Partners II were worth $1,562,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. StoneX Group Inc. purchased a new position in Archimedes Tech SPAC Partners II during the 4th quarter worth $524,000. L1 Global Manager Pty Ltd purchased a new stake in shares of Archimedes Tech SPAC Partners II in the 4th quarter worth $2,072,000. Westchester Capital Management LLC lifted its holdings in shares of Archimedes Tech SPAC Partners II by 0.8% in the 4th quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock worth $9,398,000 after buying an additional 7,144 shares during the period. Radcliffe Capital Management L.P. lifted its holdings in shares of Archimedes Tech SPAC Partners II by 7.7% in the 4th quarter. Radcliffe Capital Management L.P. now owns 658,322 shares of the company’s stock worth $6,820,000 after buying an additional 46,800 shares during the period. Finally, Meteora Capital LLC grew its position in shares of Archimedes Tech SPAC Partners II by 10.5% during the 4th quarter. Meteora Capital LLC now owns 718,433 shares of the company’s stock worth $7,443,000 after buying an additional 68,533 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Trading Down 0.2%

Shares of NASDAQ ATII opened at $10.68 on Thursday. The firm’s fifty day moving average is $10.97. Archimedes Tech SPAC Partners II Co. has a 12-month low of $10.19 and a 12-month high of $11.40.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.