Jason Industries Inc. (NASDAQ:JASN)’s share price was up 3.9% during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $2.52 and last traded at $2.40, with a volume of 88,465 shares. The stock had previously closed at $2.31.
Specifically, major shareholder Wynnefield Partners Small Cap bought 300,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were acquired at an average cost of $2.15 per share, for a total transaction of $645,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Alex Mitchell sold 200,686 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $2.84, for a total value of $569,948.24. The disclosure for this sale can be found here. 23.10% of the stock is owned by corporate insiders.
Several research analysts have recently weighed in on JASN shares. Stifel Nicolaus lowered their target price on Jason Industries from $8.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, August 5th. Zacks Investment Research cut Jason Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 21st.
The company’s 50 day moving average is $2.26 and its 200-day moving average is $3.38. The stock’s market cap is $51.96 million.
Jason Industries (NASDAQ:JASN) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.14. Jason Industries had a negative return on equity of 2.17% and a negative net margin of 10.86%. On average, equities research analysts forecast that Jason Industries Inc. will post ($0.11) earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC bought a new position in shares of Jason Industries during the first quarter worth about $117,000. Gamco Investors INC. ET AL boosted its position in shares of Jason Industries by 0.6% in the second quarter. Gamco Investors INC. ET AL now owns 35,500 shares of the company’s stock worth $128,000 after buying an additional 200 shares during the period. Lorber David A bought a new position in shares of Jason Industries during the first quarter worth about $129,000. Credit Agricole S A boosted its position in shares of Jason Industries by 1.6% in the first quarter. Credit Agricole S A now owns 137,844 shares of the company’s stock worth $482,000 after buying an additional 2,126 shares during the period. Finally, Heartland Advisors Inc. boosted its position in shares of Jason Industries by 20.2% in the second quarter. Heartland Advisors Inc. now owns 1,201,900 shares of the company’s stock worth $4,339,000 after buying an additional 201,900 shares during the period. 58.60% of the stock is owned by institutional investors.
Jason Industries Company Profile
Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).
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