Lineage Point Capital LP Takes $733,000 Position in Pyrophyte Acquisition Corp. II $PAII

Lineage Point Capital LP acquired a new position in Pyrophyte Acquisition Corp. II (NYSE:PAII) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 72,900 shares of the company’s stock, valued at approximately $733,000. Lineage Point Capital LP owned approximately 0.27% of Pyrophyte Acquisition Corp. II as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Wolverine Asset Management LLC acquired a new stake in Pyrophyte Acquisition Corp. II in the 4th quarter valued at $88,000. ABC Arbitrage SA bought a new stake in Pyrophyte Acquisition Corp. II during the 4th quarter worth about $252,000. Virtu Financial LLC acquired a new position in shares of Pyrophyte Acquisition Corp. II during the 4th quarter worth about $258,000. Cantor Fitzgerald L. P. acquired a new position in shares of Pyrophyte Acquisition Corp. II during the 3rd quarter worth about $726,000. Finally, Westchester Capital Management LLC bought a new position in shares of Pyrophyte Acquisition Corp. II in the 4th quarter valued at about $2,515,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Pyrophyte Acquisition Corp. II in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Pyrophyte Acquisition Corp. II has an average rating of “Sell”.

Pyrophyte Acquisition Corp. II Price Performance

NYSE:PAII opened at $10.21 on Friday. Pyrophyte Acquisition Corp. II has a 1-year low of $9.92 and a 1-year high of $10.22. The firm has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $10.11.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter.

Pyrophyte Acquisition Corp. II Company Profile

FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.

The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long‐term, sustainable‐value approach.