Wolverine Asset Management LLC Has $3.68 Million Position in Archimedes Tech SPAC Partners II Co. $ATII

Wolverine Asset Management LLC lowered its stake in shares of Archimedes Tech SPAC Partners II Co. (NASDAQ:ATII) by 22.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 355,354 shares of the company’s stock after selling 100,972 shares during the period. Wolverine Asset Management LLC’s holdings in Archimedes Tech SPAC Partners II were worth $3,681,000 as of its most recent filing with the SEC.

Archimedes Tech SPAC Partners II Price Performance

Shares of ATII opened at $10.64 on Tuesday. The company’s 50-day moving average is $10.49. Archimedes Tech SPAC Partners II Co. has a 52 week low of $10.04 and a 52 week high of $10.70.

Archimedes Tech SPAC Partners II (NASDAQ:ATII) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.07 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Archimedes Tech SPAC Partners II in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

About Archimedes Tech SPAC Partners II

Archimedes Tech SPAC Partners II (NASDAQ: ATII) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank?check vehicle, its primary business purpose is to identify, evaluate and complete a business combination, merger, acquisition or other similar transaction that will result in a publicly traded operating company. The company itself does not conduct an independent operating business prior to completing a qualifying transaction.

Like other SPACs, Archimedes Tech SPAC Partners II raises capital through an initial public offering and places the proceeds in a trust account while it pursues potential targets.