Hotchkis & Wiley Capital Management LLC Takes $8.99 Million Position in John B. Sanfilippo & Son, Inc. $JBSS

Key Points

• Hotchkis & Wiley Capital Management LLC has taken a new position in John B. Sanfilippo & Son, Inc., acquiring approximately $8.99 million worth of shares.
• Other significant investors, such as D. E. Shaw & Co. Inc. and Millennium Management LLC, have also increased their stakes in the company during the fourth quarter, showcasing heightened institutional interest.
• The company reported earnings of $1.15 per share and announced a special dividend of $0.60, reflecting a dividend yield of 130.0%.

Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 126,800 shares of the company's stock, valued at approximately $8,985,000. Hotchkis & Wiley Capital Management LLC owned about 1.08% of John B. Sanfilippo & Son as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of JBSS. Costello Asset Management INC bought a new stake in shares of John B. Sanfilippo & Son during the 1st quarter valued at about $34,000. Dunhill Financial LLC grew its position in shares of John B. Sanfilippo & Son by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 606 shares of the company's stock valued at $53,000 after buying an additional 303 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of John B. Sanfilippo & Son during the 4th quarter valued at about $147,000. Central Pacific Bank Trust Division acquired a new position in John B. Sanfilippo & Son during the 1st quarter valued at about $177,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in John B. Sanfilippo & Son during the 1st quarter valued at about $201,000. Institutional investors own 70.64% of the company's stock.

John B. Sanfilippo & Son Stock Performance

John B. Sanfilippo & Son stock traded down $1.05 during midday trading on Thursday, reaching $64.59. 73,178 shares of the stock traded hands, compared to its average volume of 80,664. The company has a current ratio of 2.22, a quick ratio of 0.59 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $65.07 and a two-hundred day moving average price of $66.37. The firm has a market cap of $759.51 million, a price-to-earnings ratio of 12.84 and a beta of 0.35. John B. Sanfilippo & Son, Inc. has a fifty-two week low of $58.47 and a fifty-two week high of $97.47.

John B. Sanfilippo & Son (NASDAQ:JBSS - Get Free Report) last posted its earnings results on Wednesday, August 20th. The company reported $1.15 earnings per share (EPS) for the quarter. The firm had revenue of $269.08 million during the quarter. John B. Sanfilippo & Son had a net margin of 5.32% and a return on equity of 17.54%.

John B. Sanfilippo & Son Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, September 11th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a yield of 130.0%. John B. Sanfilippo & Son's dividend payout ratio is currently 17.89%.

John B. Sanfilippo & Son Profile

John B. Sanfilippo & Son, Inc engages in the processing and distribution of nuts and nut-related products. It offers peanuts, pecans, cashews, walnuts, almonds, and other nuts under the brands of Fisher, Orchard Valley Harvest, Squirrel Brand, and Southern Style Nuts. The company was founded by Gaspare Sanfilippo and John B.