Wynnefield Partners Small Cap Purchases 10,000 Shares of Jason Industries Inc (JASN) Stock

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Jason Industries Inc (NASDAQ:JASN) major shareholder Wynnefield Partners Small Cap acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were bought at an average cost of $1.85 per share, with a total value of $18,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% 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 acquired at an average cost of $1.98 per share, with a total value of $39,600.00.
  • On Monday, November 26th, Wynnefield Partners Small Cap acquired 12,000 shares of Jason Industries stock. The shares were purchased at an average cost of $1.98 per share, with a total value of $23,760.00.
  • On Wednesday, September 12th, Wynnefield Partners Small Cap acquired 141,000 shares of Jason Industries stock. The shares were purchased at an average cost of $2.70 per share, with a total value of $380,700.00.

Shares of NASDAQ:JASN opened at $1.72 on Friday. The stock has a market capitalization of $47.94 million, a PE ratio of 172.00 and a beta of 0.59. Jason Industries Inc has a fifty-two week low of $1.65 and a fifty-two week high of $3.88.

Jason Industries (NASDAQ:JASN) last issued its earnings results on Tuesday, October 30th. The technology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.07). The firm had revenue of $145.30 million during the quarter, compared to analysts’ expectations of $142.50 million. Jason Industries had a negative net margin of 0.73% and a negative return on equity of 1.05%. As a group, sell-side analysts expect that Jason Industries Inc will post -0.27 EPS for the current year.

Several brokerages recently commented on JASN. ValuEngine lowered shares of Jason Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Zacks Investment Research downgraded shares of Jason Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 7th.

Large investors have recently modified their holdings of the company. Millennium Management LLC boosted its holdings 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 in the last quarter. JPMorgan Chase & Co. purchased a new stake in Jason Industries during the third quarter worth about $193,000. Essex Investment Management Co. LLC boosted its holdings 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 in the last quarter. Skylands Capital LLC boosted its holdings 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings 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 in the last quarter. 38.13% of the stock is currently owned by institutional investors and hedge funds.

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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.).

See Also: Diversification

Insider Buying and Selling by Quarter for Jason Industries (NASDAQ:JASN)

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