5,796,000 Shares in Armada Acquisition Corp. II $XRPN Acquired by Arrington Capital Management LLC

Arrington Capital Management LLC purchased a new position in shares of Armada Acquisition Corp. II (NASDAQ:XRPN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,796,000 shares of the company’s stock, valued at approximately $59,351,000. Armada Acquisition Corp. II comprises about 55.7% of Arrington Capital Management LLC’s holdings, making the stock its biggest position. Arrington Capital Management LLC owned about 0.18% of Armada Acquisition Corp. II at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Huntington National Bank bought a new stake in shares of Armada Acquisition Corp. II during the 4th quarter worth approximately $26,000. HRT Financial LP bought a new stake in shares of Armada Acquisition Corp. II during the 4th quarter worth approximately $112,000. Geode Capital Management LLC bought a new stake in shares of Armada Acquisition Corp. II during the 4th quarter worth approximately $155,000. Schonfeld Strategic Advisors LLC purchased a new position in Armada Acquisition Corp. II during the 4th quarter worth $513,000. Finally, Commonwealth Equity Services LLC purchased a new position in Armada Acquisition Corp. II during the 4th quarter worth $849,000. 27.95% of the stock is owned by institutional investors.

Armada Acquisition Corp. II Stock Down 0.1%

Armada Acquisition Corp. II stock opened at $10.42 on Thursday. Armada Acquisition Corp. II has a 1-year low of $10.00 and a 1-year high of $10.91. The stock has a fifty day simple moving average of $10.39.

Armada Acquisition Corp. II (NASDAQ:XRPN) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.04 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Armada Acquisition Corp. II in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Armada Acquisition Corp. II Profile

Armada Acquisition Corp. II (NASDAQ: XRPN) is a special purpose acquisition company (SPAC), commonly known as a blank‑check company, formed to raise capital through an initial public offering for the purpose of effecting a business combination. As a SPAC, the company does not operate an active commercial business; instead, its primary activity is identifying, negotiating and completing a merger, share exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more target companies.

Following its public listing, Armada Acquisition Corp.