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

FNY Investment Advisers LLC bought a new position in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 327,200 shares of the company’s stock, valued at approximately $3,527,000. Archimedes Tech SPAC Partners II accounts for 1.3% of FNY Investment Advisers LLC’s portfolio, making the stock its 10th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. StoneX Group Inc. acquired a new position in shares of Archimedes Tech SPAC Partners II in the 4th quarter valued at $524,000. Readystate Asset Management LP boosted its holdings in Archimedes Tech SPAC Partners II by 0.8% during the first quarter. Readystate Asset Management LP now owns 148,734 shares of the company’s stock worth $1,554,000 after buying an additional 1,200 shares during the last quarter. L1 Global Manager Pty Ltd bought a new position in Archimedes Tech SPAC Partners II during the fourth quarter worth about $2,072,000. Millennium Management LLC grew its position in shares of Archimedes Tech SPAC Partners II by 1.3% during the 4th quarter. Millennium Management LLC now owns 307,985 shares of the company’s stock worth $3,191,000 after buying an additional 4,020 shares during the period. Finally, Rivernorth Capital Management LLC increased its stake in shares of Archimedes Tech SPAC Partners II by 25.2% in the 4th quarter. Rivernorth Capital Management LLC now owns 447,750 shares of the company’s stock valued at $4,639,000 after acquiring an additional 90,000 shares during the last quarter.

Wall Street Analyst Weigh In

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

Archimedes Tech SPAC Partners II Stock Performance

Shares of Archimedes Tech SPAC Partners II stock opened at $10.72 on Friday. The firm has a 50-day moving average price of $10.86. Archimedes Tech SPAC Partners II Co. has a one year low of $10.19 and a one year high of $11.40.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.06 earnings per share for the quarter.

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.