Wolverine Asset Management LLC Buys 361,165 Shares of Jackson Acquisition Company II $JACS

Wolverine Asset Management LLC increased its position in Jackson Acquisition Company II (NYSE:JACS) by 57.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 987,487 shares of the company’s stock after buying an additional 361,165 shares during the period. Wolverine Asset Management LLC owned 3.34% of Jackson Acquisition Company II worth $10,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JACS. Goldman Sachs Group Inc. acquired a new stake in Jackson Acquisition Company II in the first quarter valued at approximately $3,624,000. Berkley W R Corp grew its position in 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. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Jackson Acquisition Company II during the 2nd quarter valued at $1,030,000. BCK Capital Management LP bought a new stake in Jackson Acquisition Company II during the 2nd quarter valued at $1,030,000. Finally, Sculptor Capital LP acquired a new position in Jackson Acquisition Company II during the second quarter worth $7,387,000.

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Jackson Acquisition Company II Price Performance

JACS opened at $10.47 on Friday. Jackson Acquisition Company II has a fifty-two week low of $9.94 and a fifty-two week high of $10.47. The company’s 50-day moving average is $10.43 and its 200 day moving average is $10.39.

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

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.