Decagon Asset Management LLP Makes New $5.18 Million Investment in Nabors Energy Transition Corp. II (NASDAQ:NETD)

Decagon Asset Management LLP purchased a new stake in Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 480,017 shares of the company's stock, valued at approximately $5,184,000. Nabors Energy Transition Corp. II comprises 1.9% of Decagon Asset Management LLP's portfolio, making the stock its 19th largest holding. Decagon Asset Management LLP owned 1.26% of Nabors Energy Transition Corp. II at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Wolverine Asset Management LLC boosted its holdings in Nabors Energy Transition Corp. II by 2.5% in the fourth quarter. Wolverine Asset Management LLC now owns 634,474 shares of the company's stock valued at $6,852,000 after acquiring an additional 15,438 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Nabors Energy Transition Corp. II by 51.9% in the third quarter. Geode Capital Management LLC now owns 27,982 shares of the company's stock valued at $298,000 after acquiring an additional 9,557 shares during the last quarter. Berkley W R Corp boosted its holdings in Nabors Energy Transition Corp. II by 1.7% in the third quarter. Berkley W R Corp now owns 489,266 shares of the company's stock valued at $5,216,000 after acquiring an additional 8,100 shares during the last quarter. Westchester Capital Management LLC boosted its holdings in Nabors Energy Transition Corp. II by 260.4% in the third quarter. Westchester Capital Management LLC now owns 1,434,365 shares of the company's stock valued at $15,276,000 after acquiring an additional 1,036,334 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Nabors Energy Transition Corp. II in the third quarter valued at about $2,130,000. Institutional investors own 75.52% of the company's stock.

Nabors Energy Transition Corp. II Price Performance

Nabors Energy Transition Corp. II stock remained flat at $10.98 during mid-day trading on Friday. The company had a trading volume of 29,952 shares, compared to its average volume of 147,392. The firm's 50 day moving average is $10.91 and its 200-day moving average is $10.78. Nabors Energy Transition Corp. II has a fifty-two week low of $10.38 and a fifty-two week high of $11.10.

Nabors Energy Transition Corp. II Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.