Mangrove Partners IM LLC Invests $2.91 Million in Jackson Acquisition Company II $JACS

Mangrove Partners IM LLC acquired a new stake in Jackson Acquisition Company II (NYSE:JACS) during the third quarter, Holdings Channel reports. The institutional investor acquired 280,470 shares of the company’s stock, valued at approximately $2,911,000.

Other institutional investors have also made changes to their positions in the company. Wolverine Asset Management LLC lifted its position in shares of Jackson Acquisition Company II by 57.7% in the third 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. Berkley W R Corp grew its position in Jackson Acquisition Company II by 40.3% in the second 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 in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Jackson Acquisition Company II in the 2nd quarter valued at $1,030,000. Readystate Asset Management LP acquired a new stake in Jackson Acquisition Company II in the 3rd quarter valued at $519,000. Finally, Sculptor Capital LP bought a new stake in Jackson Acquisition Company II during the 2nd quarter worth about $7,387,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Jackson Acquisition Company II in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Jackson Acquisition Company II Trading Down 0.1%

NYSE:JACS opened at $10.51 on Friday. The firm’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $10.43. Jackson Acquisition Company II has a one year low of $10.04 and a one year high of $10.58.

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.