Readystate Asset Management LP Takes $519,000 Position in Jackson Acquisition Company II $JACS

Readystate Asset Management LP purchased a new stake in Jackson Acquisition Company II (NYSE:JACS) during the 3rd quarter, HoldingsChannel reports. The firm purchased 50,000 shares of the company’s stock, valued at approximately $519,000.

Other hedge funds have also added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its holdings in Jackson Acquisition Company II by 57.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 987,487 shares of the company’s stock worth $10,250,000 after purchasing an additional 361,165 shares in the last quarter. Sculptor Capital LP purchased a new position in shares of Jackson Acquisition Company II during the second quarter valued at about $7,387,000. Radcliffe Capital Management L.P. bought a new position in Jackson Acquisition Company II in the second quarter worth about $5,532,000. Goldman Sachs Group Inc. purchased a new stake in Jackson Acquisition Company II in the first quarter worth about $3,624,000. Finally, Berkley W R Corp boosted its position in Jackson Acquisition Company II by 40.3% during the 2nd quarter. Berkley W R Corp now owns 346,265 shares of the company’s stock valued at $3,567,000 after acquiring an additional 99,390 shares in the last quarter.

Jackson Acquisition Company II Trading Up 0.1%

Shares of Jackson Acquisition Company II stock opened at $10.51 on Thursday. Jackson Acquisition Company II has a 1 year low of $10.02 and a 1 year high of $10.58. The company has a 50-day moving average of $10.46 and a 200 day moving average of $10.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Jackson Acquisition Company II has a consensus rating of “Sell”.

Jackson Acquisition Company II Company 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.