Boothe Investment Group Inc. Invests $1.30 Million in Cantor Equity Partners II Inc. $CEPT

Boothe Investment Group Inc. bought a new stake in shares of Cantor Equity Partners II Inc. (NASDAQ:CEPT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 119,087 shares of the company’s stock, valued at approximately $1,297,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Cantor Equity Partners II during the fourth quarter worth $160,000. Canton Hathaway LLC purchased a new stake in shares of Cantor Equity Partners II in the first quarter valued at $218,000. Three Magnolias Financial Advisors LLC purchased a new stake in shares of Cantor Equity Partners II in the first quarter valued at $228,000. Gabelli Funds LLC bought a new stake in shares of Cantor Equity Partners II in the 2nd quarter worth about $238,000. Finally, Prelude Capital Management LLC bought a new stake in shares of Cantor Equity Partners II in the 3rd quarter worth about $238,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CEPT. Weiss Ratings upgraded shares of Cantor Equity Partners II from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. Wall Street Zen upgraded Cantor Equity Partners II to a “sell” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.00.

Cantor Equity Partners II Price Performance

Shares of NASDAQ:CEPT opened at $11.78 on Friday. The business’s 50 day moving average is $11.99 and its 200 day moving average is $11.67. The stock has a market cap of $360.23 million, a P/E ratio of -107.09 and a beta of 0.90. Cantor Equity Partners II Inc. has a 52-week low of $9.74 and a 52-week high of $14.05.

Cantor Equity Partners II (NASDAQ:CEPT) last issued its earnings results on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $3.88 million during the quarter.

Cantor Equity Partners II Profile

Cantor Equity Partners II (NASDAQ: CEPT) is a closed-end management investment company that focuses on providing customized capital solutions to private, middle-market companies in the United States. Listed on the Nasdaq, CEPT seeks to deliver attractive risk-adjusted returns by investing across a spectrum of debt and equity instruments. Its portfolio may include senior secured loans, subordinated and mezzanine debt, preferred equity, and common equity, allowing it to tailor financing structures to meet the specific growth, acquisition or recapitalization needs of its portfolio companies.

As a business development company registered under the Investment Company Act of 1940, CEPT targets U.S.