Magnetar Financial LLC recently announced the acquisition of new stake in CIIG Capital Partners II Inc. (NASDAQ:CIIG). The institutional investor has increased its shareholding in the Financial company by 2,211.09% to 2.16 million shares with purchase of 2.06 million shares. This fresh investment now brings its stake to 7.50% valued currently at $21.97 million. In addition, Highbridge Capital Management LLC raised its holdings by 0.16 million to 1.91 million shares. And Marshall Wace LLP has lifted its position by 43.77% or 0.41 million shares – to 1.34 million shares.
With over 0.91 million CIIG Capital Partners II Inc. (CIIG) shares trading Friday and a closing price of $10.24 on the day, the dollar volume was approximately $9.32 million. The shares have shown a positive half year performance of 3.33% and its price on 01/20/23 gained nearly 0.10%. Currently, there are 35.94M common shares owned by the public and among those 28.75M shares have been available to trade.
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The top 3 mutual fund holders in CIIG Capital Partners II Inc. are AQR Diversified Arbitrage Fund, Janus Henderson Global Multi-Stra, and GAMCO International SICAV – Merge. AQR Diversified Arbitrage Fund owns 0.16 million shares of the company’s stock, all valued at over $1.65 million. GAMCO International SICAV – Merge now owns shares totaling to 0.34% of the shares outstanding.
Shares of CIIG Capital Partners II Inc. (NASDAQ: CIIG) opened at $10.22, down -$0.01 from a prior closing price of $10.23. However, the script later moved the day high at 10.26, up 0.10%. The company’s stock has a 5-day price change of 0.00% and 2.50% over the past three months. It has a 12-month low price of $9.80 and touched a high of $10.98 over the same period. CIIG has an average intraday trading volume of 132.72K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.50%, 1.35%, and 2.84% respectively.
Institutional ownership of CIIG Capital Partners II Inc. (NASDAQ: CIIG) shares accounts for 89.20% of the company’s 35.94M shares outstanding. Mutual fund holders own 2.58%, while other institutional holders and individual stakeholders account for 81.77% and — respectively.
It has a market capitalization of $367.62M. The earnings-per-share (ttm) stands at -$0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.09% over the week and 0.14% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
