Jackson Acquisition Company II (NYSE:JACS) Announces Earnings Results

Jackson Acquisition Company II (NYSE:JACSGet Free Report) released its earnings results on Tuesday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $2.16 million for the quarter.

Jackson Acquisition Company II Trading Up 0.2%

JACS stock traded up $0.02 on Thursday, reaching $10.73. 12,512 shares of the company were exchanged, compared to its average volume of 15,912. Jackson Acquisition Company II has a 12 month low of $10.25 and a 12 month high of $10.74. The stock’s fifty day moving average price is $10.67 and its 200 day moving average price is $10.59.

Hedge Funds Weigh In On Jackson Acquisition Company II

A number of hedge funds have recently made changes to their positions in JACS. Sona Asset Management US LLC bought a new stake in Jackson Acquisition Company II in the first quarter valued at about $2,186,000. Radcliffe Capital Management L.P. increased its position in shares of Jackson Acquisition Company II by 29.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 662,430 shares of the company’s stock worth $6,903,000 after purchasing an additional 150,257 shares in the last quarter. Berkley W R Corp lifted its holdings in Jackson Acquisition Company II by 24.3% during the 1st quarter. Berkley W R Corp now owns 430,362 shares of the company’s stock valued at $4,558,000 after purchasing an additional 84,097 shares during the last quarter. Sculptor Capital LP acquired a new position in Jackson Acquisition Company II in the second quarter valued at about $7,387,000. Finally, ABC Arbitrage SA bought a new position in shares of Jackson Acquisition Company II in the fourth quarter valued at approximately $156,000.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Jackson Acquisition Company II

About Jackson Acquisition Company II

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Jackson Acquisition Company II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jackson Acquisition Company II and related companies with MarketBeat.com's FREE daily email newsletter.