Goldman Sachs Group Inc. Buys New Stake in Jernigan Capital, Inc. (NYSE:JCAP)
Goldman Sachs Group Inc. bought a new position in shares of Jernigan Capital, Inc. (NYSE:JCAP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,395 shares of the real estate investment trust’s stock, valued at approximately $977,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in Jernigan Capital by 226.1% in the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 4,830 shares in the last quarter. Segantii Capital Management Ltd boosted its position in Jernigan Capital by 581.3% in the first quarter. Segantii Capital Management Ltd now owns 10,900 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 9,300 shares in the last quarter. Citadel Advisors LLC boosted its position in Jernigan Capital by 27.8% in the first quarter. Citadel Advisors LLC now owns 18,786 shares of the real estate investment trust’s stock worth $433,000 after buying an additional 4,091 shares in the last quarter. Menta Capital LLC purchased a new position in Jernigan Capital during the first quarter worth approximately $438,000. Finally, LSV Asset Management boosted its position in Jernigan Capital by 651.6% in the first quarter. LSV Asset Management now owns 24,804 shares of the real estate investment trust’s stock worth $571,000 after buying an additional 21,504 shares in the last quarter. 40.85% of the stock is currently owned by institutional investors and hedge funds.
Jernigan Capital, Inc. (NYSE:JCAP) traded down 1.44% during mid-day trading on Friday, reaching $20.57. 204,819 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $21.69 and its 200 day moving average price is $22.25. The firm has a market cap of $288.70 million, a price-to-earnings ratio of 11.02 and a beta of 0.84. Jernigan Capital, Inc. has a one year low of $16.00 and a one year high of $24.89.
Jernigan Capital (NYSE:JCAP) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.12. The company had revenue of $3.10 million during the quarter, compared to analysts’ expectations of $2.53 million. Jernigan Capital had a net margin of 185.96% and a return on equity of 9.37%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 EPS. On average, equities analysts forecast that Jernigan Capital, Inc. will post $1.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.40 annualized dividend and a yield of 6.81%. Jernigan Capital’s dividend payout ratio (DPR) is 69.65%.
A number of research firms recently commented on JCAP. ValuEngine cut Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. TheStreet upgraded shares of Jernigan Capital from a “c+” rating to a “b” rating in a research report on Monday, June 26th. BidaskClub lowered shares of Jernigan Capital from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. FBR & Co restated a “buy” rating on shares of Jernigan Capital in a research report on Monday, May 15th. Finally, Raymond James Financial, Inc. restated an “outperform” rating and set a $26.00 price target (up from $25.00) on shares of Jernigan Capital in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.
In related news, insider John A. Good acquired 5,000 shares of the stock in a transaction on Monday, August 7th. The stock was bought at an average cost of $21.65 per share, with a total value of $108,250.00. Following the transaction, the insider now directly owns 217,308 shares in the company, valued at $4,704,718.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James D. Dondero acquired 100,000 shares of the stock in a transaction on Tuesday, June 27th. The stock was bought at an average cost of $22.00 per share, with a total value of $2,200,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 109,631 shares of company stock valued at $2,404,105. 3.18% of the stock is owned by corporate insiders.
Jernigan Capital Company Profile
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
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