Jackson Acquisition Company II (NYSE:JACS) Stock Price Up 0.2% – Should You Buy?

Jackson Acquisition Company II (NYSE:JACS)’s share price was up 0.2% during mid-day trading on Thursday . The stock traded as high as $10.45 and last traded at $10.4490. Approximately 113,761 shares were traded during trading, an increase of 60% from the average daily volume of 70,891 shares. The stock had previously closed at $10.43.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Jackson Acquisition Company II Stock Up 0.2%

The firm has a fifty day moving average price of $10.43 and a 200 day moving average price of $10.38.

Jackson Acquisition Company II (NYSE:JACS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $2.48 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC raised its stake in shares of Jackson Acquisition Company II by 57.7% during the third quarter. Wolverine Asset Management LLC now owns 987,487 shares of the company’s stock worth $10,250,000 after buying an additional 361,165 shares during the last quarter. Sculptor Capital LP acquired a new stake in Jackson Acquisition Company II during the 2nd quarter worth $7,387,000. Radcliffe Capital Management L.P. bought a new stake in shares of Jackson Acquisition Company II during the 2nd quarter valued at $5,532,000. Goldman Sachs Group Inc. bought a new stake in shares of Jackson Acquisition Company II during the 1st quarter valued at $3,624,000. Finally, Berkley W R Corp lifted its stake 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 valued at $3,567,000 after purchasing an additional 99,390 shares during the period.

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.