Janus International Group, Inc. (NYSE:JBI – Get Free Report) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 27,100,000 shares, an increase of 342.8% from the November 30th total of 6,120,000 shares. Approximately 20.1% of the shares of the stock are short sold. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is presently 18.2 days.
Insiders Place Their Bets
In other news, EVP Morgan Hodges sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $11.76, for a total transaction of $1,764,000.00. Following the completion of the sale, the executive vice president now owns 353,865 shares of the company’s stock, valued at $4,161,452.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Norman V. Nettie sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $11.76, for a total transaction of $1,058,400.00. Following the completion of the sale, the vice president now owns 465,786 shares of the company’s stock, valued at $5,477,643.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Morgan Hodges sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $11.76, for a total transaction of $1,764,000.00. Following the completion of the sale, the executive vice president now directly owns 353,865 shares of the company’s stock, valued at approximately $4,161,452.40. The disclosure for this sale can be found here. Insiders sold a total of 515,000 shares of company stock worth $6,056,400 over the last quarter. Company insiders own 42.90% of the company’s stock.
Institutional Trading of Janus International Group
A number of institutional investors have recently bought and sold shares of JBI. Financial Management Professionals Inc. acquired a new stake in Janus International Group during the 3rd quarter worth $28,000. Parkside Financial Bank & Trust acquired a new stake in Janus International Group during the 2nd quarter worth $28,000. Ensign Peak Advisors Inc acquired a new stake in Janus International Group during the 3rd quarter worth $30,000. Comerica Bank bought a new position in shares of Janus International Group during the third quarter worth $35,000. Finally, Gyon Technologies Capital Management LP bought a new position in shares of Janus International Group during the fourth quarter worth $35,000. Institutional investors and hedge funds own 88.16% of the company’s stock.
Analysts Set New Price Targets
Separately, TheStreet lowered shares of Janus International Group from a “b-” rating to a “c” rating in a report on Friday, September 29th.
Janus International Group Price Performance
Shares of Janus International Group stock traded up $0.06 during midday trading on Thursday, reaching $13.10. The company had a trading volume of 699,152 shares, compared to its average volume of 1,052,094. The company has a current ratio of 2.47, a quick ratio of 2.14 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 14.64 and a beta of 0.90. The stock has a fifty day simple moving average of $10.62 and a 200 day simple moving average of $10.70. Janus International Group has a 1-year low of $8.66 and a 1-year high of $13.27.
Janus International Group (NYSE:JBI – Get Free Report) last released its earnings results on Monday, November 6th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Janus International Group had a net margin of 12.26% and a return on equity of 31.81%. The firm had revenue of $280.10 million during the quarter, compared to analyst estimates of $276.58 million. As a group, equities research analysts forecast that Janus International Group will post 0.95 earnings per share for the current year.
Janus International Group Company Profile
Janus International Group, Inc manufacturers, supplies, and provides turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.