Quantbot Technologies LP Buys New Position in JinkoSolar Holding Company Limited $JKS

Key Points

• Quantbot Technologies LP acquired 31,077 shares of JinkoSolar valued at approximately $579,000, representing around 0.06% ownership of the company.
• JinkoSolar recently announced a quarterly dividend of $0.325 per share, yielding 5.5% annually, with a dividend payout ratio of -25.50%.
• Shares of JinkoSolar have experienced volatility, with a twelve-month low of $13.42 and a high of $37.36, amidst varied analyst ratings ranging from "Buy" to "Sell."

Quantbot Technologies LP acquired a new stake in JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 31,077 shares of the semiconductor company's stock, valued at approximately $579,000. Quantbot Technologies LP owned 0.06% of JinkoSolar at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new stake in shares of JinkoSolar in the 1st quarter valued at $36,000. CANADA LIFE ASSURANCE Co purchased a new stake in shares of JinkoSolar in the 4th quarter valued at $55,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of JinkoSolar by 502.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company's stock valued at $102,000 after buying an additional 4,562 shares during the period. Jump Financial LLC purchased a new stake in JinkoSolar during the 4th quarter worth about $200,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in JinkoSolar by 85.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,697 shares of the semiconductor company's stock worth $217,000 after purchasing an additional 3,998 shares during the period. Hedge funds and other institutional investors own 35.82% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded JinkoSolar from a "buy" rating to a "sell" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, JinkoSolar currently has an average rating of "Reduce" and an average price target of $27.19.

JinkoSolar Stock Down 1.2%

Shares of JKS traded down $0.27 during mid-day trading on Thursday, reaching $22.23. The company's stock had a trading volume of 369,620 shares, compared to its average volume of 443,905. JinkoSolar Holding Company Limited has a 12-month low of $13.42 and a 12-month high of $37.36. The stock has a market cap of $1.14 billion, a PE ratio of -4.43 and a beta of 0.21. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.07. The company's 50 day moving average is $22.71 and its 200 day moving average is $20.53.

JinkoSolar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd were issued a $0.325 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.8%. JinkoSolar's dividend payout ratio is presently -25.50%.

JinkoSolar Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.