Parallax Volatility Advisers L.P. purchased a new stake in shares of New Providence Acquisition Corp. II (NASDAQ:NPAB – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,376 shares of the company’s stock, valued at approximately $114,000.
A number of other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP grew its holdings in shares of New Providence Acquisition Corp. II by 31.9% during the third quarter. Marshall Wace LLP now owns 791,491 shares of the company’s stock valued at $7,938,000 after buying an additional 191,491 shares during the last quarter. Aristeia Capital LLC lifted its position in New Providence Acquisition Corp. II by 10.6% during the second quarter. Aristeia Capital LLC now owns 552,998 shares of the company’s stock valued at $5,475,000 after purchasing an additional 53,000 shares during the period. Bank of America Corp DE bought a new position in New Providence Acquisition Corp. II during the first quarter valued at approximately $4,886,000. Toronto Dominion Bank bought a new position in New Providence Acquisition Corp. II during the second quarter valued at approximately $3,485,000. Finally, Radcliffe Capital Management L.P. bought a new position in New Providence Acquisition Corp. II during the first quarter valued at approximately $2,992,000. Hedge funds and other institutional investors own 67.71% of the company’s stock.
New Providence Acquisition Corp. II Stock Performance
Shares of New Providence Acquisition Corp. II stock opened at $10.33 on Tuesday. The company’s 50 day moving average is $10.28 and its 200 day moving average is $10.13. New Providence Acquisition Corp. II has a twelve month low of $9.87 and a twelve month high of $10.80.
About New Providence Acquisition Corp. II
New Providence Acquisition Corp. II does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses in the consumer industry. The company was incorporated in 2020 and is based in Austin, Texas.
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