Condor Capital Management Takes $425,000 Position in Ares Acquisition Co. II (NYSE:AACT)

Condor Capital Management purchased a new stake in Ares Acquisition Co. II (NYSE:AACTFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,750 shares of the company’s stock, valued at approximately $425,000.

Separately, Karpus Management Inc. boosted its holdings in shares of Ares Acquisition Co. II by 111.0% in the 3rd quarter. Karpus Management Inc. now owns 1,710,900 shares of the company’s stock valued at $17,571,000 after buying an additional 900,175 shares in the last quarter. 72.95% of the stock is currently owned by institutional investors and hedge funds.

Ares Acquisition Co. II Price Performance

AACT stock remained flat at $10.64 during trading on Friday. 944,170 shares of the company were exchanged, compared to its average volume of 206,044. The business has a fifty day simple moving average of $10.61 and a 200-day simple moving average of $10.52. Ares Acquisition Co. II has a one year low of $10.10 and a one year high of $10.76.

About Ares Acquisition Co. II

(Free Report)

Ares Acquisition Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Ares Acquisition Corporation II was incorporated in 2021 and is based in New York, New York.

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Institutional Ownership by Quarter for Ares Acquisition Co. II (NYSE:AACT)

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