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

Wealthspring Capital LLC cut its holdings in Jackson Acquisition Company II (NYSE:JACS) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing 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 portfolio, making the stock its 14th largest position. Wealthspring Capital LLC owned 2.29% of Jackson Acquisition Company II worth $7,349,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Sona Asset Management US LLC bought a new position in shares of Jackson Acquisition Company II in the first quarter worth approximately $2,186,000. Berkley W R Corp increased its stake 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 buying an additional 84,097 shares during the period. Finally, Calamos Advisors LLC purchased a new position in shares of Jackson Acquisition Company II in the third quarter worth $10,830,000.

Jackson Acquisition Company II Price Performance

Shares of NYSE:JACS opened at $10.85 on Monday. The stock has a 50 day moving average price of $10.80 and a 200-day moving average price of $10.65. Jackson Acquisition Company II has a 52-week low of $10.40 and a 52-week high of $10.92.

Jackson Acquisition Company II (NYSE:JACS) last announced its quarterly earnings data 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.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Jackson Acquisition Company II 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.