Jason Industries Inc (NASDAQ:JASN) major shareholder Wynnefield Partners Small Cap purchased 10,000 shares of the stock in a transaction dated Tuesday, December 4th. The stock was purchased at an average cost of $1.85 per share, for a total transaction of $18,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Wynnefield Partners Small Cap also recently made the following trade(s):

  • On Thursday, November 29th, Wynnefield Partners Small Cap purchased 20,000 shares of Jason Industries stock. The stock was purchased at an average cost of $1.98 per share, for a total transaction of $39,600.00.
  • On Monday, November 26th, Wynnefield Partners Small Cap purchased 12,000 shares of Jason Industries stock. The stock was purchased at an average cost of $1.98 per share, for a total transaction of $23,760.00.
  • On Wednesday, September 12th, Wynnefield Partners Small Cap purchased 141,000 shares of Jason Industries stock. The stock was purchased at an average cost of $2.70 per share, for a total transaction of $380,700.00.

Shares of NASDAQ:JASN traded up $0.05 during trading on Friday, reaching $1.80. The stock had a trading volume of 400 shares, compared to its average volume of 104,425. The firm has a market capitalization of $50.68 million, a PE ratio of 178.00 and a beta of 0.59. Jason Industries Inc has a 1-year low of $1.67 and a 1-year high of $3.88.

Jason Industries (NASDAQ:JASN) last released its quarterly earnings data on Tuesday, October 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.07). The company had revenue of $145.30 million for the quarter, compared to analyst estimates of $142.50 million. Jason Industries had a negative return on equity of 1.05% and a negative net margin of 0.73%. On average, analysts forecast that Jason Industries Inc will post -0.27 earnings per share for the current year.

JASN has been the topic of a number of research analyst reports. Zacks Investment Research raised Jason Industries from a “hold” rating to a “strong-buy” rating and set a $2.75 price target on the stock in a research note on Thursday, August 9th. ValuEngine raised Jason Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in Jason Industries by 19.3% during the third quarter. Renaissance Technologies LLC now owns 1,036,916 shares of the technology company’s stock worth $3,494,000 after buying an additional 167,400 shares during the last quarter. Manatuck Hill Partners LLC boosted its stake in Jason Industries by 3,571.6% during the third quarter. Manatuck Hill Partners LLC now owns 734,329 shares of the technology company’s stock worth $2,475,000 after buying an additional 714,329 shares during the last quarter. Skylands Capital LLC boosted its stake in Jason Industries by 20.5% during the third quarter. Skylands Capital LLC now owns 539,500 shares of the technology company’s stock worth $1,818,000 after buying an additional 91,681 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Jason Industries by 42.4% during the third quarter. Essex Investment Management Co. LLC now owns 243,849 shares of the technology company’s stock worth $822,000 after buying an additional 72,578 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Jason Industries by 45.5% during the first quarter. Millennium Management LLC now owns 77,373 shares of the technology company’s stock worth $241,000 after buying an additional 24,198 shares during the last quarter. 38.13% of the stock is currently owned by institutional investors.

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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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