Berkley W R Corp Increases Stake in Jackson Acquisition Company II $JACS

Berkley W R Corp increased its holdings in shares of Jackson Acquisition Company II (NYSE:JACS) by 24.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 430,362 shares of the company’s stock after purchasing an additional 84,097 shares during the period. Berkley W R Corp owned 1.45% of Jackson Acquisition Company II worth $4,558,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. ABC Arbitrage SA acquired a new stake in Jackson Acquisition Company II in the fourth quarter valued at approximately $156,000. Goldman Sachs Group Inc. acquired a new position in shares of Jackson Acquisition Company II during the first quarter worth $3,624,000. Radcliffe Capital Management L.P. acquired a new position in shares of Jackson Acquisition Company II during the second quarter worth $5,532,000. Finally, Sculptor Capital LP purchased a new stake in shares of Jackson Acquisition Company II during the 2nd quarter valued at $7,387,000.

Analyst Ratings Changes

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

Jackson Acquisition Company II Trading Up 0.1%

Shares of NYSE:JACS opened at $10.69 on Monday. The business’s 50 day moving average price is $10.65 and its 200-day moving average price is $10.57. Jackson Acquisition Company II has a 1 year low of $10.25 and a 1 year high of $10.74.

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

Jackson Acquisition Company II Profile

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.