Sculptor Capital LP raised its stake in New Providence Acquisition Corp. II (NASDAQ:NPAB – Get Rating) by 115.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,078,323 shares of the company's stock after acquiring an additional 578,421 shares during the quarter. Sculptor Capital LP owned about 3.45% of New Providence Acquisition Corp. II worth $10,719,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada bought a new stake in shares of New Providence Acquisition Corp. II in the first quarter valued at about $148,000. OMERS ADMINISTRATION Corp acquired a new position in shares of New Providence Acquisition Corp. II during the 1st quarter worth approximately $397,000. Dupont Capital Management Corp acquired a new stake in shares of New Providence Acquisition Corp. II in the first quarter valued at approximately $496,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of New Providence Acquisition Corp. II in the first quarter valued at approximately $497,000. Finally, Walleye Trading LLC bought a new position in New Providence Acquisition Corp. II during the 1st quarter worth $537,000. 65.17% of the stock is currently owned by institutional investors and hedge funds.

New Providence Acquisition Corp. II Price Performance

NPAB opened at $9.98 on Thursday. The business's fifty day moving average is $9.98 and its 200-day moving average is $9.95. New Providence Acquisition Corp. II has a 52-week low of $9.55 and a 52-week high of $10.74.

New Providence Acquisition Corp. II Profile

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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