Readystate Asset Management LP Acquires New Position in Jackson Acquisition Company II $JACS

Readystate Asset Management LP bought a new position in Jackson Acquisition Company II (NYSE:JACS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 50,000 shares of the company’s stock, valued at approximately $519,000. Readystate Asset Management LP owned about 0.17% of Jackson Acquisition Company II at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Berkley W R Corp lifted its holdings in shares of Jackson Acquisition Company II by 40.3% in the 2nd quarter. Berkley W R Corp now owns 346,265 shares of the company’s stock worth $3,567,000 after acquiring an additional 99,390 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Jackson Acquisition Company II in the second quarter worth $1,030,000. BCK Capital Management LP bought a new stake in Jackson Acquisition Company II in the second quarter worth $1,030,000. Wolverine Asset Management LLC boosted its position in Jackson Acquisition Company II by 85.1% during the second quarter. Wolverine Asset Management LLC now owns 626,322 shares of the company’s stock valued at $6,451,000 after buying an additional 288,022 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Jackson Acquisition Company II during the first quarter valued at about $3,624,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Jackson Acquisition Company II Price Performance

Shares of Jackson Acquisition Company II stock opened at $10.51 on Thursday. The company’s fifty day simple moving average is $10.46 and its two-hundred day simple moving average is $10.41. Jackson Acquisition Company II has a 12-month low of $10.02 and a 12-month high of $10.58.

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.