Heartland Advisors Inc. Has $2,723,000 Stake in Jason Industries Inc. (JASN)
Heartland Advisors Inc. increased its position in Jason Industries Inc. (NASDAQ:JASN) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,226,400 shares of the company’s stock after buying an additional 24,500 shares during the period. Heartland Advisors Inc. owned 5.48% of Jason Industries worth $2,723,000 at the end of the most recent reporting period.
Separately, Gamco Investors INC. ET AL increased its stake in shares of Jason Industries by 0.6% in the second quarter. Gamco Investors INC. ET AL now owns 35,500 shares of the company’s stock worth $128,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 51.34% of the company’s stock.
Jason Industries Inc. (NASDAQ:JASN) traded up 3.2367% during mid-day trading on Tuesday, hitting $1.7447. The company had a trading volume of 106,575 shares. The firm’s 50 day moving average is $1.85 and its 200 day moving average is $2.79. The company’s market capitalization is $39.07 million. Jason Industries Inc. has a 52 week low of $1.46 and a 52 week high of $4.23.
Jason Industries (NASDAQ:JASN) last issued its earnings results on Friday, November 4th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. Jason Industries had a negative return on equity of 4.78% and a negative net margin of 10.79%. The business had revenue of $170.10 million for the quarter, compared to the consensus estimate of $170.20 million. On average, equities research analysts predict that Jason Industries Inc. will post ($0.23) EPS for the current year.
A number of brokerages have commented on JASN. Stifel Nicolaus reduced their price objective on Jason Industries from $4.00 to $3.25 and set a “buy” rating for the company in a research note on Monday, November 7th. Zacks Investment Research raised Jason Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th.
In other news, Chairman Jeffry N. Quinn purchased 100,700 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were purchased at an average cost of $2.17 per share, for a total transaction of $218,519.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap purchased 15,330 shares of the company’s stock in a transaction dated Saturday, December 31st. The stock was purchased at an average price of $3.42 per share, for a total transaction of $52,428.60. The disclosure for this purchase can be found here. Company insiders own 23.10% of the company’s stock.
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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