Cantor Equity Partners II Inc. $CEPT Shares Sold by Wealthspring Capital LLC

Wealthspring Capital LLC lowered its stake in shares of Cantor Equity Partners II Inc. (NASDAQ:CEPT) by 71.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,966 shares of the company’s stock after selling 280,134 shares during the quarter. Wealthspring Capital LLC’s holdings in Cantor Equity Partners II were worth $1,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clear Street Group Inc. bought a new stake in Cantor Equity Partners II during the 3rd quarter valued at $119,000. Hunting Hill Global Capital LLC boosted its position in Cantor Equity Partners II by 9.0% during the 3rd quarter. Hunting Hill Global Capital LLC now owns 18,105 shares of the company’s stock worth $190,000 after acquiring an additional 1,500 shares during the period. Gabelli Funds LLC acquired a new position in Cantor Equity Partners II during the 2nd quarter worth $238,000. Prelude Capital Management LLC acquired a new position in Cantor Equity Partners II during the 3rd quarter worth $238,000. Finally, Qube Research & Technologies Ltd acquired a new position in Cantor Equity Partners II during the 2nd quarter worth $278,000.

Cantor Equity Partners II Stock Up 1.1%

Shares of Cantor Equity Partners II stock opened at $12.31 on Thursday. The firm has a market cap of $376.44 million and a price-to-earnings ratio of -64.79. The business has a fifty day simple moving average of $11.18 and a 200-day simple moving average of $11.32. Cantor Equity Partners II Inc. has a fifty-two week low of $10.32 and a fifty-two week high of $13.74.

Cantor Equity Partners II (NASDAQ:CEPT) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $3.88 million during the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Benchmark assumed coverage on Cantor Equity Partners II in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cantor Equity Partners II in a research report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.00.

About Cantor Equity Partners II

Cantor Equity Partners II (NASDAQ: CEPT) is a closed-end management investment company that focuses on providing customized capital solutions to private, middle-market companies in the United States. Listed on the Nasdaq, CEPT seeks to deliver attractive risk-adjusted returns by investing across a spectrum of debt and equity instruments. Its portfolio may include senior secured loans, subordinated and mezzanine debt, preferred equity, and common equity, allowing it to tailor financing structures to meet the specific growth, acquisition or recapitalization needs of its portfolio companies.

As a business development company registered under the Investment Company Act of 1940, CEPT targets U.S.