Stocks

Berkley W R Corp Acquires Shares of RF Acquisition Corp II

Published December 1, 2024

Berkley W R Corp has acquired a new position in RF Acquisition Corp II (NASDAQ:RFAI - Free Report) as indicated in its latest Form 13F filing with the Securities and Exchange Commission. In the third quarter, the fund acquired a total of 74,370 shares of RF Acquisition Corp II stock, which is estimated to be worth around $756,000. As of the latest reporting period, Berkley W R Corp holds approximately 0.50% of the company’s total shares.

Other institutional investors and hedge funds have also adjusted their positions in RF Acquisition Corp II. For instance, Wolverine Asset Management LLC entered into a new stake during the third quarter, valued at $44,000. Similarly, Crossingbridge Advisors LLC purchased shares worth about $509,000 within the same time frame. Wealthspring Capital LLC took a more significant position valued at $1,287,000, while Periscope Capital Inc. acquired a stake worth approximately $2,034,000. Notably, Mizuho Securities USA LLC made a substantial investment of around $5,800,000 during the third quarter.

RF Acquisition Corp II Price Analysis

As of Friday, NASDAQ:RFAI opened at a price of $10.20. The company's 50-day simple moving average stands at $10.16. Over the past year, RF Acquisition Corp II has experienced a twelve-month low of $10.00 and a high of $10.27.

About RF Acquisition Corp II

RF Acquisition Corp II is established as a blank check company, having been incorporated on February 5, 2024, in the Cayman Islands. Its purpose revolves around conducting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. The company aims to engage with one or more target businesses through these business combinations.

Investment Insights

For those considering investing in RF Acquisition Corp II, it may be beneficial to look at the ratings provided by various analysts. Currently, the stock holds a "Hold" rating among analysts. Observers have identified five alternative stocks believed to be more promising investment options than RF Acquisition Corp II.

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