FNY Investment Advisers LLC Purchases Shares of 327,200 Archimedes Tech SPAC Partners II Co. $ATII

FNY Investment Advisers LLC purchased a new position in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 327,200 shares of the company’s stock, valued at approximately $3,527,000. Archimedes Tech SPAC Partners II accounts for about 1.3% of FNY Investment Advisers LLC’s holdings, making the stock its 10th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. L1 Global Manager Pty Ltd acquired a new stake in Archimedes Tech SPAC Partners II in the fourth quarter valued at $2,072,000. Rivernorth Capital Management LLC increased its stake in shares of Archimedes Tech SPAC Partners II by 25.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock worth $4,639,000 after purchasing an additional 90,000 shares during the last quarter. Meteora Capital LLC raised its holdings in shares of Archimedes Tech SPAC Partners II by 10.5% in the 4th quarter. Meteora Capital LLC now owns 718,433 shares of the company’s stock valued at $7,443,000 after purchasing an additional 68,533 shares during the period. StoneX Group Inc. bought a new stake in shares of Archimedes Tech SPAC Partners II in the 4th quarter valued at about $524,000. Finally, Radcliffe Capital Management L.P. lifted its stake in 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 valued at $6,820,000 after purchasing an additional 46,800 shares during the last quarter.

Archimedes Tech SPAC Partners II Trading Down 0.1%

ATII opened at $10.72 on Friday. Archimedes Tech SPAC Partners II Co. has a 1-year low of $10.19 and a 1-year high of $11.40. The firm has a fifty day simple moving average of $10.86.

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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Archimedes Tech SPAC Partners II in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Archimedes Tech SPAC Partners II Profile

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.