Jackson Acquisition Company II $JACS Shares Acquired by Berkley W R Corp

Berkley W R Corp increased its position in Jackson Acquisition Company II (NYSE:JACS) by 24.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 430,362 shares of the company’s stock after purchasing an additional 84,097 shares during the period. Berkley W R Corp’s holdings in Jackson Acquisition Company II were worth $4,558,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in shares of Jackson Acquisition Company II during the first quarter worth about $3,624,000. Radcliffe Capital Management L.P. acquired a new position in Jackson Acquisition Company II in the 2nd quarter valued at about $5,532,000. Sculptor Capital LP purchased a new stake in Jackson Acquisition Company II during the 2nd quarter valued at approximately $7,387,000. Finally, ABC Arbitrage SA acquired a new stake in Jackson Acquisition Company II during the 4th quarter worth approximately $156,000.

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jackson Acquisition Company II presently has an average rating of “Sell”.

Jackson Acquisition Company II Trading Up 0.1%

JACS opened at $10.69 on Monday. Jackson Acquisition Company II has a one year low of $10.25 and a one year high of $10.74. The business’s fifty day moving average is $10.65 and its two-hundred day moving average is $10.57.

Jackson Acquisition Company II (NYSE:JACS) last posted its quarterly earnings data on Friday, March 20th. The company reported $0.08 EPS for the quarter. The company had revenue of $2.33 million for the quarter.

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.