Spark Investment Management LLC purchased a new position in J. Alexander’s Holdings, Inc. (NYSE:JAX) during the second quarter, Holdings Channel reports. The firm purchased 24,300 shares of the company’s stock, valued at approximately $297,000.

Separately, Russell Investments Group Ltd. raised its stake in shares of J. Alexander’s Holdings by 26.5% in the second quarter. Russell Investments Group Ltd. now owns 564,265 shares of the company’s stock worth $6,911,000 after buying an additional 118,122 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

Shares of J. Alexander’s Holdings, Inc. (JAX) opened at 9.50 on Tuesday. J. Alexander’s Holdings, Inc. has a 12 month low of $8.35 and a 12 month high of $12.30. The company has a 50-day moving average price of $10.82 and a 200-day moving average price of $10.51. The stock has a market cap of $139.59 million, a price-to-earnings ratio of 21.59 and a beta of 0.22.

J. Alexander’s Holdings (NYSE:JAX) last issued its earnings results on Thursday, August 10th. The company reported $0.02 earnings per share for the quarter. J. Alexander’s Holdings had a return on equity of 6.71% and a net margin of 2.88%. The business had revenue of $58.22 million for the quarter. On average, analysts expect that J. Alexander’s Holdings, Inc. will post $0.57 EPS for the current fiscal year.

J. Alexander’s Holdings announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 10th that allows the company to buyback 1,500,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: “Spark Investment Management LLC Invests $297,000 in J. Alexander’s Holdings, Inc. (JAX)” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.watchlistnews.com/spark-investment-management-llc-invests-297000-in-j-alexanders-holdings-inc-jax/1488744.html.

About J. Alexander’s Holdings

J. Alexander’s Holdings, Inc, through its subsidiaries, owns and operates three complementary dining restaurant concepts: J. Alexander’s, Redlands Grill and Stoney River Steakhouse and Grill (Stoney River). The Company is engaged in providing contemporary American cuisines. J. Alexander’s is an upscale dining restaurant offering a contemporary American menu.

Want to see what other hedge funds are holding JAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J. Alexander’s Holdings, Inc. (NYSE:JAX).

Institutional Ownership by Quarter for J. Alexander`s Holdings (NYSE:JAX)

Receive News & Ratings for J. Alexander's Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J. Alexander's Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.