K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) Announces Quarterly Earnings Results

K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII) released its earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

K&F GROWTH ACQUISITION CORP. II Stock Performance

Shares of KFII traded up $0.16 during midday trading on Friday, reaching $10.81. The stock had a trading volume of 1,221 shares, compared to its average volume of 85,087. The firm has a 50 day simple moving average of $10.69 and a 200-day simple moving average of $10.55. K&F GROWTH ACQUISITION CORP. II has a one year low of $10.27 and a one year high of $12.41.

Institutional Investors Weigh In On K&F GROWTH ACQUISITION CORP. II

A number of institutional investors and hedge funds have recently modified their holdings of KFII. Sona Asset Management US LLC bought a new position in K&F GROWTH ACQUISITION CORP. II during the first quarter worth about $1,125,000. Berkley W R Corp increased its position in K&F GROWTH ACQUISITION CORP. II by 10.2% during the first quarter. Berkley W R Corp now owns 1,074,855 shares of the company’s stock worth $11,211,000 after buying an additional 99,400 shares during the last quarter. Periscope Capital Inc. acquired a new position in K&F GROWTH ACQUISITION CORP. II during the third quarter worth approximately $4,007,000. Finally, First Trust Capital Management L.P. bought a new stake in K&F GROWTH ACQUISITION CORP. II in the third quarter valued at approximately $1,093,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised K&F GROWTH ACQUISITION CORP. II from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

K&F GROWTH ACQUISITION CORP. II Company Profile

K&F Growth Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with an operating company. The company does not have its own operating business, products or services. Its activities center on identifying and evaluating potential business combination candidates. K&F Growth Acquisition Corp. II has not specified a particular industry or geographic market for its search in the information available.