ArrowMark Colorado Holdings LLC Boosts Holdings in Jernigan Capital Inc (JCAP)
ArrowMark Colorado Holdings LLC raised its position in shares of Jernigan Capital Inc (NYSE:JCAP) by 40.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 569,199 shares of the real estate investment trust’s stock after acquiring an additional 164,616 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Jernigan Capital were worth $10,820,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of JCAP. LSV Asset Management boosted its position in Jernigan Capital by 25.4% during the 4th quarter. LSV Asset Management now owns 756,265 shares of the real estate investment trust’s stock valued at $14,376,000 after acquiring an additional 153,387 shares in the last quarter. Vanguard Group Inc. boosted its position in Jernigan Capital by 42.2% during the 2nd quarter. Vanguard Group Inc. now owns 449,406 shares of the real estate investment trust’s stock valued at $9,887,000 after acquiring an additional 133,432 shares in the last quarter. Wells Fargo & Company MN boosted its position in Jernigan Capital by 2,282,420.0% during the 3rd quarter. Wells Fargo & Company MN now owns 114,126 shares of the real estate investment trust’s stock valued at $2,345,000 after acquiring an additional 114,121 shares in the last quarter. State Street Corp bought a new stake in Jernigan Capital during the 2nd quarter valued at approximately $2,392,000. Finally, Uniplan Investment Counsel Inc. boosted its position in Jernigan Capital by 18.8% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 645,887 shares of the real estate investment trust’s stock valued at $13,272,000 after acquiring an additional 102,347 shares in the last quarter. 72.90% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director James D. Dondero sold 23,000 shares of Jernigan Capital stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $19.27, for a total transaction of $443,210.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.18% of the stock is currently owned by company insiders.
Jernigan Capital Inc (NYSE:JCAP) opened at $18.06 on Friday. Jernigan Capital Inc has a 1-year low of $15.90 and a 1-year high of $24.89. The stock has a market cap of $264.73 and a P/E ratio of 16.27.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.40 annualized dividend and a dividend yield of 7.75%. Jernigan Capital’s payout ratio is 126.13%.
ILLEGAL ACTIVITY NOTICE: “ArrowMark Colorado Holdings LLC Boosts Holdings in Jernigan Capital Inc (JCAP)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2018/03/11/arrowmark-colorado-holdings-llc-boosts-holdings-in-jernigan-capital-inc-jcap.html.
About Jernigan Capital
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
Want to see what other hedge funds are holding JCAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jernigan Capital Inc (NYSE:JCAP).
Receive News & Ratings for Jernigan Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital and related companies with MarketBeat.com's FREE daily email newsletter.