K&F GROWTH ACQUISITION CORP. II (NASDAQ:KFII – Get Free Report) released its earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.
K&F GROWTH ACQUISITION CORP. II Price Performance
NASDAQ KFII traded up $0.01 on Wednesday, hitting $10.62. 485 shares of the stock traded hands, compared to its average volume of 53,049. K&F GROWTH ACQUISITION CORP. II has a 12 month low of $10.16 and a 12 month high of $10.63. The business’s fifty day moving average is $10.58 and its two-hundred day moving average is $10.49.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of K&F GROWTH ACQUISITION CORP. II in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Shaolin Capital Management LLC lifted its stake in K&F GROWTH ACQUISITION CORP. II by 0.5% during the third quarter. Shaolin Capital Management LLC now owns 402,141 shares of the company’s stock worth $4,108,000 after purchasing an additional 2,141 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in shares of K&F GROWTH ACQUISITION CORP. II by 0.8% in the fourth quarter. Wolverine Asset Management LLC now owns 1,198,935 shares of the company’s stock worth $12,397,000 after purchasing an additional 9,540 shares during the last quarter. Rivernorth Capital Management LLC increased its stake in shares of K&F GROWTH ACQUISITION CORP. II by 2.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 509,513 shares of the company’s stock worth $5,258,000 after buying an additional 9,769 shares during the period. Hudson Bay Capital Management LP raised its holdings in K&F GROWTH ACQUISITION CORP. II by 2.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 1,257,080 shares of the company’s stock valued at $12,797,000 after buying an additional 25,000 shares during the last quarter. Finally, ABC Arbitrage SA bought a new stake in K&F GROWTH ACQUISITION CORP. II in the 4th quarter worth $258,000.
About K&F GROWTH ACQUISITION CORP. II
K&F Growth Acquisition Corp. II is a Delaware-incorporated special purpose acquisition company (SPAC) that completed its initial public offering in late 2021. As a blank-check vehicle, the company was formed for the purpose of identifying and consummating a business combination with one or more operating businesses, thereby taking a target company public. It holds the proceeds of its IPO in a trust account pending the completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization or similar business combination.
The sponsor of K&F Growth Acquisition Corp.
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