Jackson Acquisition Company II $JACS Stock Sold by Wealthspring Capital LLC

Wealthspring Capital LLC trimmed its stake in shares of Jackson Acquisition Company II (NYSE:JACS) by 16.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 678,587 shares of the company’s stock after selling 136,359 shares during the period. Jackson Acquisition Company II makes up 1.6% of Wealthspring Capital LLC’s investment portfolio, making the stock its 14th largest holding. Wealthspring Capital LLC’s holdings in Jackson Acquisition Company II were worth $7,349,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

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

Jackson Acquisition Company II Price Performance

Shares of JACS opened at $10.85 on Monday. Jackson Acquisition Company II has a one year low of $10.40 and a one year high of $10.92. The business has a fifty day moving average of $10.80 and a 200 day moving average of $10.65.

Jackson Acquisition Company II (NYSE:JACS) last posted its earnings results on Friday, November 6th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $2.25 million during the quarter.

About Jackson Acquisition Company II

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.