DLD Asset Management LP Has $7.19 Million Holdings in Cantor Equity Partners II Inc. $CEPT

DLD Asset Management LP increased its position in shares of Cantor Equity Partners II Inc. (NASDAQ:CEPT) by 65.0% during the first quarter, HoldingsChannel.com reports. The firm owned 660,000 shares of the company’s stock after buying an additional 260,000 shares during the period. Cantor Equity Partners II accounts for about 0.7% of DLD Asset Management LP’s investment portfolio, making the stock its 19th largest holding. DLD Asset Management LP’s holdings in Cantor Equity Partners II were worth $7,187,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Virtu Financial LLC bought a new position in Cantor Equity Partners II in the fourth quarter worth $160,000. Canton Hathaway LLC acquired a new position in shares of Cantor Equity Partners II in the 1st quarter valued at $218,000. Three Magnolias Financial Advisors LLC acquired a new position in shares of Cantor Equity Partners II in the 1st quarter valued at $228,000. Prelude Capital Management LLC bought a new position in shares of Cantor Equity Partners II during the 3rd quarter worth about $238,000. Finally, Gabelli Funds LLC bought a new position in shares of Cantor Equity Partners II during the 2nd quarter worth about $238,000.

Cantor Equity Partners II Stock Performance

CEPT opened at $11.78 on Thursday. The firm’s 50-day simple moving average is $12.09 and its 200-day simple moving average is $11.65. Cantor Equity Partners II Inc. has a twelve month low of $9.74 and a twelve month high of $14.05. The firm has a market cap of $360.23 million, a price-to-earnings ratio of -107.09 and a beta of 0.90.

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

Wall Street Analyst Weigh In

CEPT has been the topic of a number of analyst reports. Wall Street Zen raised shares of Cantor Equity Partners II to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings upgraded shares of Cantor Equity Partners II from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Finally, Benchmark started coverage on Cantor Equity Partners II in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective on the stock. 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, Cantor Equity Partners II presently has an average rating of “Hold” and a consensus price target of $16.00.

About Cantor Equity Partners II

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.