Jason Industries Inc. (JASN) Chairman Acquires $218,519.00 in Stock
Jason Industries Inc. (NASDAQ:JASN) Chairman Jeffry N. Quinn acquired 100,700 shares of Jason Industries stock in a transaction that occurred on Thursday, September 15th. The shares were purchased at an average cost of $2.17 per share, with a total value of $218,519.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
Jason Industries Inc. (NASDAQ:JASN) opened at 2.31 on Tuesday. The firm has a 50-day moving average of $2.35 and a 200-day moving average of $3.39. Jason Industries Inc. has a 1-year low of $1.87 and a 1-year high of $5.10. The stock’s market cap is $51.73 million.
Jason Industries (NASDAQ:JASN) last posted its earnings results on Thursday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.14. Jason Industries had a negative net margin of 10.86% and a negative return on equity of 2.17%. Analysts expect that Jason Industries Inc. will post ($0.11) EPS for the current fiscal year.
Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Jason Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Stifel Nicolaus reduced their price objective on shares of Jason Industries from $8.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, August 5th.
A number of institutional investors have recently bought and sold shares of the stock. Heartland Advisors Inc. boosted its position in Jason Industries by 20.2% in the second quarter. Heartland Advisors Inc. now owns 1,201,900 shares of the company’s stock valued at $4,339,000 after buying an additional 201,900 shares in the last quarter. Lorber David A bought a new position in Jason Industries during the first quarter valued at about $129,000. LPL Financial LLC bought a new position in Jason Industries during the first quarter valued at about $117,000. Credit Agricole S A boosted its position in Jason Industries by 1.6% in the first quarter. Credit Agricole S A now owns 137,844 shares of the company’s stock valued at $482,000 after buying an additional 2,126 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Jason Industries by 0.6% in the second quarter. Gamco Investors INC. ET AL now owns 35,500 shares of the company’s stock valued at $128,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 58.60% of the company’s stock.
About Jason Industries
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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