Radcliffe Capital Management L.P. Buys 46,800 Shares of Archimedes Tech SPAC Partners II Co. $ATII

Radcliffe Capital Management L.P. grew its stake in Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 7.7% during the fourth quarter, HoldingsChannel reports. The firm owned 658,322 shares of the company’s stock after buying an additional 46,800 shares during the quarter. Radcliffe Capital Management L.P.’s holdings in Archimedes Tech SPAC Partners II were worth $6,820,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. L1 Global Manager Pty Ltd acquired a new position in Archimedes Tech SPAC Partners II during the 4th quarter worth approximately $2,072,000. Westchester Capital Management LLC boosted its position in Archimedes Tech SPAC Partners II by 0.8% in the fourth quarter. Westchester Capital Management LLC now owns 907,144 shares of the company’s stock valued at $9,398,000 after buying an additional 7,144 shares in the last quarter. Finally, StoneX Group Inc. acquired a new stake in Archimedes Tech SPAC Partners II in the fourth quarter valued at approximately $524,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Archimedes Tech SPAC Partners II from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Archimedes Tech SPAC Partners II Stock Performance

Shares of ATII stock opened at $10.98 on Wednesday. The company’s 50-day moving average price is $10.85. Archimedes Tech SPAC Partners II Co. has a 12 month low of $10.12 and a 12 month high of $11.40.

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

Archimedes Tech SPAC Partners II Company 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.