Jason Industries Inc (JASN) Major Shareholder Buys $39,600.00 in Stock

Jason Industries Inc (NASDAQ:JASN) major shareholder Wynnefield Partners Small Cap bought 24,000 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was acquired at an average cost of $1.65 per share, with a total value of $39,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Wynnefield Partners Small Cap also recently made the following trade(s):

  • On Thursday, December 6th, Wynnefield Partners Small Cap bought 10,000 shares of Jason Industries stock. The stock was acquired at an average cost of $1.78 per share, with a total value of $17,800.00.
  • On Tuesday, December 4th, Wynnefield Partners Small Cap bought 10,000 shares of Jason Industries stock. The stock was acquired at an average cost of $1.85 per share, with a total value of $18,500.00.
  • On Thursday, November 29th, Wynnefield Partners Small Cap bought 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 bought 12,000 shares of Jason Industries stock. The stock was acquired at an average cost of $1.98 per share, with a total value of $23,760.00.

NASDAQ:JASN traded down $0.03 during mid-day trading on Friday, reaching $1.57. The company’s stock had a trading volume of 93,971 shares, compared to its average volume of 79,501. Jason Industries Inc has a 12-month low of $1.62 and a 12-month high of $3.88.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of Jason Industries during the 3rd quarter valued at about $193,000. Millennium Management LLC increased its position in shares of Jason Industries by 45.5% during the 1st quarter. Millennium Management LLC now owns 77,373 shares of the technology company’s stock valued at $241,000 after purchasing an additional 24,198 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of Jason Industries by 42.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 243,849 shares of the technology company’s stock valued at $822,000 after purchasing an additional 72,578 shares during the last quarter. Skylands Capital LLC increased its position in shares of Jason Industries by 20.5% during the 3rd quarter. Skylands Capital LLC now owns 539,500 shares of the technology company’s stock valued at $1,818,000 after purchasing an additional 91,681 shares during the last quarter. Finally, Vanguard Group Inc increased its position in shares of Jason Industries by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 733,683 shares of the technology company’s stock valued at $2,472,000 after purchasing an additional 15,131 shares during the last quarter. 38.13% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. ValuEngine raised Jason Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered Jason Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 4th.

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Jason Industries Company Profile

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.).

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

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