VELA Investment Management LLC Purchases New Shares in Janus International Group, Inc. (NYSE:JBI)

VELA Investment Management LLC acquired a new position in shares of Janus International Group, Inc. (NYSE:JBI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 158,031 shares of the company’s stock, valued at approximately $1,162,000. VELA Investment Management LLC owned 0.11% of Janus International Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of JBI. KBC Group NV lifted its position in Janus International Group by 102.9% during the fourth quarter. KBC Group NV now owns 8,867 shares of the company’s stock worth $65,000 after purchasing an additional 4,496 shares during the period. Entropy Technologies LP bought a new stake in Janus International Group during the fourth quarter worth about $76,000. Holocene Advisors LP bought a new stake in Janus International Group during the third quarter worth about $125,000. Atria Investments Inc lifted its position in Janus International Group by 13.4% during the third quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock worth $140,000 after purchasing an additional 1,643 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Janus International Group during the third quarter worth about $143,000. Institutional investors own 88.78% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.25.

Janus International Group Stock Down 6.4 %

JBI stock opened at $8.53 on Friday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 11.84 and a beta of 0.92. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. Janus International Group, Inc. has a 12 month low of $6.68 and a 12 month high of $15.53. The firm has a 50-day moving average price of $7.83 and a 200-day moving average price of $8.68.

About Janus International Group

Janus International Group, Inc manufacturers and supplies 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.