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

Jackson Acquisition Company II (NYSE:JACS) announced its earnings results on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.14 million for the quarter.

Jackson Acquisition Company II Trading Down 0.1%

Shares of JACS traded down $0.01 during mid-day trading on Thursday, reaching $10.60. 400 shares of the company’s stock traded hands, compared to its average volume of 43,898. The stock’s 50-day moving average is $10.55 and its two-hundred day moving average is $10.49. Jackson Acquisition Company II has a 12 month low of $10.08 and a 12 month high of $10.65.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Radcliffe Capital Management L.P. grew its stake in shares of Jackson Acquisition Company II by 29.3% during the fourth quarter. Radcliffe Capital Management L.P. now owns 662,430 shares of the company’s stock valued at $6,903,000 after buying an additional 150,257 shares during the last quarter. ABC Arbitrage SA bought a new position in shares of Jackson Acquisition Company II during the fourth quarter valued at approximately $156,000. Cantor Fitzgerald L. P. bought a new position in shares of Jackson Acquisition Company II during the third quarter valued at approximately $910,000. Mangrove Partners IM LLC bought a new position in shares of Jackson Acquisition Company II during the third quarter valued at approximately $2,911,000. Finally, BCK Capital Management LP grew its stake in shares of Jackson Acquisition Company II by 3.3% during the third quarter. BCK Capital Management LP now owns 103,311 shares of the company’s stock valued at $1,072,000 after buying an additional 3,311 shares during the last quarter.

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.