Jason Industries Inc. (JASN) Stock Price Up 3.9% After Insider Buying Activity
Jason Industries Inc. (NASDAQ:JASN) rose 3.9% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $2.52 and last traded at $2.40, with a volume of 88,465 shares traded. The stock had previously closed at $2.31.
Specifically, major shareholder Wynnefield Partners Small Cap acquired 15,330 shares of the firm’s stock in a transaction on Saturday, December 31st. The shares were acquired at an average cost of $3.42 per share, for a total transaction of $52,428.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jeffry N. Quinn acquired 100,700 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were bought at an average price of $2.17 per share, for a total transaction of $218,519.00. The disclosure for this purchase can be found here. Company insiders own 23.10% of the company’s stock.
JASN has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price target 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 downgraded Jason Industries from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th.
The firm has a 50 day moving average of $2.26 and a 200 day moving average of $3.38. The firm’s market cap is $51.96 million.
Jason Industries (NASDAQ:JASN) last posted its quarterly earnings data 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 return on equity of 2.17% and a negative net margin of 10.86%. Analysts anticipate that Jason Industries Inc. will post ($0.11) EPS for the current year.
Large investors have recently bought and sold shares of the company. Heartland Advisors Inc. boosted its stake 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 during the last quarter. Credit Agricole S A boosted its stake 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 during the last quarter. Lorber David A purchased a new stake in Jason Industries during the first quarter valued at about $129,000. Gamco Investors INC. ET AL boosted its stake 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 during the last quarter. Finally, LPL Financial LLC purchased a new stake in Jason Industries during the first quarter valued at about $117,000. Institutional investors 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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