Exchange Traded Concepts LLC Invests $228,000 in Janus International Group, Inc. (NYSE:JBI)

Exchange Traded Concepts LLC purchased a new stake in Janus International Group, Inc. (NYSE:JBI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,675 shares of the company's stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. grew its holdings in Janus International Group by 109.3% during the 4th quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $35,000 after acquiring an additional 2,506 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Janus International Group by 42.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after purchasing an additional 1,544 shares during the period. US Bancorp DE boosted its stake in shares of Janus International Group by 108.8% during the fourth quarter. US Bancorp DE now owns 5,601 shares of the company's stock valued at $41,000 after purchasing an additional 2,918 shares in the last quarter. Group One Trading LLC increased its holdings in Janus International Group by 9,000.0% during the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock valued at $67,000 after buying an additional 9,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Janus International Group during the first quarter valued at approximately $72,000. Institutional investors own 88.78% of the company's stock.

Janus International Group Stock Up 1.6%

Shares of JBI stock traded up $0.13 during mid-day trading on Thursday, hitting $8.36. 1,133,357 shares of the stock traded hands, compared to its average volume of 1,910,719. Janus International Group, Inc. has a 52-week low of $5.99 and a 52-week high of $15.24. The stock has a market cap of $1.17 billion, a P/E ratio of 23.89 and a beta of 1.25. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.59 and a quick ratio of 2.21. The stock's fifty day moving average is $7.86 and its two-hundred day moving average is $7.73.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The firm had revenue of $210.50 million during the quarter, compared to analyst estimates of $200.73 million. Janus International Group had a net margin of 5.49% and a return on equity of 13.38%. Janus International Group's revenue was down 17.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. Equities analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group announced that its board has authorized a share buyback program on Thursday, May 15th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 6.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, KeyCorp upped their target price on Janus International Group from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Janus International Group presently has a consensus rating of "Hold" and a consensus target price of $10.00.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.