Hussman Strategic Advisors Inc. Acquires Shares of 126,000 JinkoSolar Holding Company Limited (NYSE:JKS)

Hussman Strategic Advisors Inc. bought a new position in JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 126,000 shares of the semiconductor company's stock, valued at approximately $2,349,000. Hussman Strategic Advisors Inc. owned approximately 0.24% of JinkoSolar at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Himension Capital Singapore PTE. LTD. raised its holdings in shares of JinkoSolar by 472.8% in the fourth quarter. Himension Capital Singapore PTE. LTD. now owns 55,175 shares of the semiconductor company's stock valued at $1,374,000 after purchasing an additional 45,542 shares during the last quarter. Northern Trust Corp increased its stake in JinkoSolar by 58.6% in the 4th quarter. Northern Trust Corp now owns 84,252 shares of the semiconductor company's stock valued at $2,098,000 after buying an additional 31,130 shares during the last quarter. Bank of New York Mellon Corp increased its stake in JinkoSolar by 245.8% in the 4th quarter. Bank of New York Mellon Corp now owns 41,445 shares of the semiconductor company's stock valued at $1,032,000 after buying an additional 29,459 shares during the last quarter. Pictet Asset Management Holding SA purchased a new stake in JinkoSolar in the 4th quarter valued at about $5,948,000. Finally, Millennium Management LLC purchased a new stake in JinkoSolar in the 4th quarter valued at about $2,846,000. Hedge funds and other institutional investors own 35.82% of the company's stock.

Analysts Set New Price Targets

JKS has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Citigroup lowered shares of JinkoSolar from a "buy" rating to a "sell" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group reduced their price objective on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, March 27th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $27.19.

JinkoSolar Trading Up 1.3%

NYSE:JKS traded up $0.30 during midday trading on Monday, reaching $23.47. 97,175 shares of the stock traded hands, compared to its average volume of 1,039,198. The company has a fifty day moving average of $20.52 and a 200 day moving average of $20.45. 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 capitalization of $1.21 billion, a P/E ratio of -4.67 and a beta of 0.22. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.07 and a current ratio of 1.33.

JinkoSolar (NYSE:JKS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The semiconductor company reported ($2.85) EPS for the quarter, missing the consensus estimate of ($1.45) by ($1.40). JinkoSolar had a negative return on equity of 2.95% and a negative net margin of 2.23%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the company posted $1.34 earnings per share. The firm's revenue for the quarter was down 39.9% compared to the same quarter last year. On average, research analysts predict that JinkoSolar Holding Company Limited will post -0.24 EPS for the current year.

JinkoSolar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 2nd were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend was Wednesday, July 2nd. JinkoSolar's dividend payout ratio (DPR) is presently -54.98%.

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.