Teton Advisors Inc. increased its stake in shares of Jamba, Inc. (NASDAQ:JMBA) by 45.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,352 shares of the restaurant operator’s stock after buying an additional 15,952 shares during the period. Teton Advisors Inc. owned 0.33% of Jamba worth $465,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Trexquant Investment LP acquired a new position in Jamba during the fourth quarter worth approximately $176,000. Russell Investments Group Ltd. acquired a new position in Jamba during the fourth quarter worth approximately $191,000. Teachers Advisors LLC boosted its position in Jamba by 25.3% in the fourth quarter. Teachers Advisors LLC now owns 26,667 shares of the restaurant operator’s stock worth $275,000 after buying an additional 5,385 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Jamba during the fourth quarter worth approximately $437,000. Finally, Two Sigma Investments LP acquired a new position in Jamba during the fourth quarter worth approximately $616,000. Institutional investors own 98.55% of the company’s stock.
Shares of Jamba, Inc. (JMBA) traded up 0.72% during midday trading on Friday, hitting $7.01. The stock had a trading volume of 284,397 shares. The stock’s 50-day moving average price is $7.49 and its 200 day moving average price is $9.05. Jamba, Inc. has a 52 week low of $6.71 and a 52 week high of $11.62. The company’s market cap is $107.46 million.
Separately, Zacks Investment Research upgraded Jamba from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 23rd.
In related news, Director Glenn W. Welling acquired 83,372 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was purchased at an average cost of $8.42 per share, with a total value of $701,992.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 189,506 shares of company stock valued at $1,597,646 over the last three months. 15.85% of the stock is owned by corporate insiders.
Jamba Company Profile
Jamba, Inc is a restaurant retailer of specialty food and beverage offerings. The Company operates through retail segment. The Company’s offerings include whole fruit smoothies, squeezed juices and juice blends, Energy Bowls, and a range of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods and snacks.
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