Quantbot Technologies LP Takes $579,000 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 position in shares of JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,077 shares of the semiconductor company's stock, valued at approximately $579,000. Quantbot Technologies LP owned about 0.06% of JinkoSolar at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of JKS. Banque Cantonale Vaudoise acquired a new position in shares of JinkoSolar during the 1st quarter worth approximately $36,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of JinkoSolar during the 4th quarter worth approximately $55,000. Caitong International Asset Management Co. Ltd raised its position in shares of JinkoSolar by 502.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company's stock worth $102,000 after purchasing an additional 4,562 shares during the last quarter. Jump Financial LLC acquired a new position in shares of JinkoSolar during the 4th quarter worth approximately $200,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of 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 last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

JinkoSolar Trading Up 4.3%

JKS stock traded up $0.96 during midday trading on Friday, hitting $23.09. The stock had a trading volume of 547,330 shares, compared to its average volume of 443,038. The firm has a market cap of $1.19 billion, a PE ratio of -4.60 and a beta of 0.13. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.07. JinkoSolar Holding Company Limited has a 12-month low of $13.42 and a 12-month high of $37.36. The company's 50-day moving average price is $22.78 and its 200 day moving average price is $20.54.

JinkoSolar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 2nd were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, July 2nd. JinkoSolar's payout ratio is presently -25.50%.

About JinkoSolar

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.