Insight Digital Partners II (NASDAQ:DYOR) Issues Quarterly Earnings Results

Insight Digital Partners II (NASDAQ:DYOR) announced its earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Insight Digital Partners II Stock Down 0.1%

Shares of DYOR traded down $0.01 during trading hours on Monday, hitting $10.17. 195 shares of the stock were exchanged, compared to its average volume of 40,659. The stock’s 50-day moving average price is $10.15 and its two-hundred day moving average price is $10.06. Insight Digital Partners II has a 12-month low of $9.87 and a 12-month high of $10.47.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Insight Digital Partners II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Insight Digital Partners II

A number of large investors have recently modified their holdings of the business. First Trust Capital Management L.P. acquired a new stake in shares of Insight Digital Partners II in the third quarter valued at about $7,037,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Insight Digital Partners II in the first quarter worth about $3,984,000. Alberta Investment Management Corp purchased a new position in shares of Insight Digital Partners II in the third quarter worth about $4,060,000. Bulldog Investors LLP boosted its position in Insight Digital Partners II by 57.0% during the first quarter. Bulldog Investors LLP now owns 323,088 shares of the company’s stock worth $3,216,000 after acquiring an additional 117,290 shares during the last quarter. Finally, Context Capital Management LLC acquired a new position in Insight Digital Partners II during the third quarter worth about $3,045,000.

About Insight Digital Partners II

Insight Digital Partners II is a special purpose acquisition company, or SPAC. It was formed to pursue a merger, acquisition or similar business combination with an operating company.

Unlike a traditional operating company, Insight Digital Partners II does not offer products or services to customers of its own. Its business activity centers on identifying and completing a transaction with a target company; until then, it has no independent operating business to describe.