Context Capital Management LLC Purchases 300,000 Shares of Insight Digital Partners II $DYOR

Context Capital Management LLC bought a new position in Insight Digital Partners II (NASDAQ:DYOR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 300,000 shares of the company’s stock, valued at approximately $3,045,000.

Several other large investors have also recently made changes to their positions in the company. Sona Asset Management US LLC purchased a new stake in Insight Digital Partners II during the first quarter valued at $2,221,000. Bulldog Investors LLP grew its stake in shares of Insight Digital Partners II by 57.0% in the 1st quarter. Bulldog Investors LLP now owns 323,088 shares of the company’s stock worth $3,216,000 after buying an additional 117,290 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Insight Digital Partners II in the 1st quarter worth $3,984,000.

Insight Digital Partners II Stock Up 0.1%

DYOR stock opened at $10.18 on Wednesday. Insight Digital Partners II has a 12 month low of $9.87 and a 12 month high of $10.47. The company has a 50-day moving average price of $10.15 and a 200 day moving average price of $10.06.

Insight Digital Partners II (NASDAQ:DYOR) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.06 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Insight Digital Partners II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

Insight Digital Partners II Profile

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.