Jackson Acquisition Company II (NYSE:JACS) Issues Quarterly Earnings Results

Jackson Acquisition Company II (NYSE:JACS) released its quarterly earnings data on Tuesday. The company reported $0.07 EPS for the quarter, FiscalAI reports. The firm had revenue of $2.16 million during the quarter.

Jackson Acquisition Company II Trading Up 0.2%

NYSE:JACS traded up $0.02 during midday trading on Tuesday, reaching $10.73. 12,512 shares of the company traded hands, compared to its average volume of 15,917. Jackson Acquisition Company II has a twelve month low of $10.25 and a twelve month high of $10.74. The company has a fifty day moving average price of $10.67 and a 200 day moving average price of $10.59.

Hedge Funds Weigh In On Jackson Acquisition Company II

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sona Asset Management US LLC acquired a new position in shares of Jackson Acquisition Company II in the 1st quarter worth approximately $2,186,000. Radcliffe Capital Management L.P. grew its position in Jackson Acquisition Company II by 29.3% in the fourth quarter. Radcliffe Capital Management L.P. now owns 662,430 shares of the company’s stock worth $6,903,000 after buying an additional 150,257 shares during the last quarter. Berkley W R Corp increased its holdings in shares of Jackson Acquisition Company II by 24.3% in the first quarter. Berkley W R Corp now owns 430,362 shares of the company’s stock valued at $4,558,000 after buying an additional 84,097 shares in the last quarter. Sculptor Capital LP bought a new position in shares of Jackson Acquisition Company II in the second quarter valued at $7,387,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Jackson Acquisition Company II during the 1st quarter valued at $3,624,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Jackson Acquisition Company II in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jackson Acquisition Company II currently has an average rating of “Sell”.

Jackson Acquisition Company II Company Profile

Jackson Acquisition Company II is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the ticker JACS. As a blank‐check vehicle, it has no commercial operations of its own but is sponsored by Jackson Square Partners, an investment firm with experience in middle‐market private equity and venture capital. The company’s primary objective is to identify, acquire, or merge with one or more businesses that operate in target industries and deliver long‐term value to its shareholders.

The SPAC completed its initial public offering in late 2021, raising capital through a trust account to fund its acquisition strategy.