Greenwoods Asset Management Hong Kong Ltd. Increases Stock Holdings in JinkoSolar Holding Company Limited $JKS

Key Points

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Greenwoods Asset Management Hong Kong Ltd. grew its stake in shares of JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) by 37.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 780,933 shares of the semiconductor company's stock after acquiring an additional 211,000 shares during the quarter. JinkoSolar comprises approximately 0.5% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 18th largest holding. Greenwoods Asset Management Hong Kong Ltd. owned about 1.52% of JinkoSolar worth $14,557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in JinkoSolar in the 1st quarter worth approximately $36,000. CANADA LIFE ASSURANCE Co acquired a new position in JinkoSolar in the 4th quarter worth approximately $55,000. Caitong International Asset Management Co. Ltd increased its holdings in 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 worth $102,000 after buying an additional 4,562 shares during the period. Jump Financial LLC acquired a new position in JinkoSolar in the 4th quarter worth approximately $200,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in JinkoSolar by 85.1% in 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 buying an additional 3,998 shares during the period. Institutional investors and hedge funds own 35.82% of the company's stock.

JinkoSolar Stock Performance

JinkoSolar stock traded up $0.9350 during mid-day trading on Friday, hitting $23.5350. The company had a trading volume of 690,033 shares, compared to its average volume of 420,187. The company has a current ratio of 1.33, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11. JinkoSolar Holding Company Limited has a 12-month low of $13.42 and a 12-month high of $37.36. The company's fifty day moving average is $22.45 and its 200-day moving average is $20.49. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -4.69 and a beta of 0.21.

JinkoSolar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 2nd were given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 5.5%. The ex-dividend date was Wednesday, July 2nd. JinkoSolar's dividend payout ratio is currently -25.50%.

Wall Street Analyst Weigh In

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

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.