Jackson Acquisition Company II (NYSE:JACS) Releases Quarterly Earnings Results

Jackson Acquisition Company II (NYSE:JACS) posted its quarterly earnings results on Friday. The company reported $0.07 earnings per share for the quarter, FiscalAI reports. The business had revenue of $2.25 million during the quarter.

Jackson Acquisition Company II Stock Down 0.1%

Shares of JACS traded down $0.01 during mid-day trading on Friday, hitting $10.85. 324 shares of the company traded hands, compared to its average volume of 76,852. The stock has a 50-day moving average price of $10.80 and a two-hundred day moving average price of $10.65. Jackson Acquisition Company II has a 1 year low of $10.40 and a 1 year high of $10.92.

Institutional Investors Weigh In On Jackson Acquisition Company II

A number of large investors have recently added to or reduced their stakes in the stock. Calamos Advisors LLC bought a new position in shares of Jackson Acquisition Company II during the 3rd quarter valued at $10,830,000. Sona Asset Management US LLC purchased a new position in shares of Jackson Acquisition Company II in the 1st quarter worth $2,186,000. Finally, Berkley W R Corp grew its holdings in shares of Jackson Acquisition Company II by 24.3% in the first quarter. Berkley W R Corp now owns 430,362 shares of the company’s stock worth $4,558,000 after acquiring an additional 84,097 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings raised Jackson Acquisition Company II from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Jackson Acquisition Company II Company Profile

Jackson Acquisition Company II (NYSE: JACS) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more operating businesses.

As a blank-check company, Jackson Acquisition Company II does not operate a conventional business and does not offer products or services to customers. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would allow a privately held company to become publicly traded.

Publicly available information about the company’s operating history, geographic reach, target industry focus and leadership is limited.