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

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

Jackson Acquisition Company II Stock Performance

Shares of JACS stock opened at $10.73 on Wednesday. Jackson Acquisition Company II has a fifty-two week low of $10.25 and a fifty-two week high of $10.74. The stock’s 50-day simple moving average is $10.67 and its 200-day simple moving average is $10.59.

Wall Street Analysts Forecast Growth

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 MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Sona Asset Management US LLC purchased a new position in Jackson Acquisition Company II in the 1st quarter worth approximately $2,186,000. Radcliffe Capital Management L.P. lifted its stake in shares of Jackson Acquisition Company II by 29.3% in the 4th quarter. Radcliffe Capital Management L.P. now owns 662,430 shares of the company’s stock valued at $6,903,000 after purchasing an additional 150,257 shares during the last quarter. Berkley W R Corp grew its holdings in shares of 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 worth $4,558,000 after purchasing an additional 84,097 shares during the period. 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 acquired a new position in shares of Jackson Acquisition Company II in the 4th quarter worth approximately $156,000.

About Jackson Acquisition Company II

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.