Walleye Capital LLC bought a new position in shares of New Providence Acquisition Corp. II (NASDAQ:NPAB – Get Rating) in the first quarter, Holdings Channel.com reports. The firm bought 90,597 shares of the company's stock, valued at approximately $901,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NPAB. Governors Lane LP bought a new position in New Providence Acquisition Corp. II during the first quarter worth about $8,942,000. Saba Capital Management L.P. bought a new position in shares of New Providence Acquisition Corp. II in the fourth quarter valued at approximately $8,817,000. HBK Investments L P bought a new position in shares of New Providence Acquisition Corp. II in the first quarter valued at approximately $5,964,000. Sculptor Capital LP boosted its position in shares of New Providence Acquisition Corp. II by 115.7% in the first quarter. Sculptor Capital LP now owns 1,078,323 shares of the company's stock valued at $10,719,000 after acquiring an additional 578,421 shares during the period. Finally, Aristeia Capital LLC bought a new position in shares of New Providence Acquisition Corp. II in the first quarter valued at approximately $4,970,000. Institutional investors own 65.17% of the company's stock.

New Providence Acquisition Corp. II Stock Performance

NPAB stock opened at $9.98 on Tuesday. The firm has a 50 day moving average of $9.98 and a 200-day moving average of $9.95. New Providence Acquisition Corp. II has a 12 month low of $9.55 and a 12 month high of $10.74.

New Providence Acquisition Corp. II Company 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.

Further Reading

• Get a free copy of the StockNews.com research report on New Providence Acquisition Corp. II (NPAB)
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