Hussman Strategic Advisors Inc. Buys New Position in JinkoSolar Holding Company Limited (NYSE:JKS)

Hussman Strategic Advisors Inc. bought a new stake in JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 126,000 shares of the semiconductor company's stock, valued at approximately $2,349,000. Hussman Strategic Advisors Inc. owned 0.24% of JinkoSolar at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in JinkoSolar by 8.9% in the 1st quarter. SG Americas Securities LLC now owns 62,745 shares of the semiconductor company's stock valued at $1,170,000 after buying an additional 5,110 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in JinkoSolar by 42.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 49,365 shares of the semiconductor company's stock valued at $1,229,000 after buying an additional 14,765 shares during the last quarter. Twinbeech Capital LP grew its position in JinkoSolar by 219.9% in the 4th quarter. Twinbeech Capital LP now owns 25,960 shares of the semiconductor company's stock valued at $646,000 after buying an additional 17,846 shares during the last quarter. Millennium Management LLC purchased a new position in JinkoSolar in the 4th quarter valued at $2,846,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position 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 valued at $217,000 after buying an additional 3,998 shares during the last quarter. 35.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on JKS. The Goldman Sachs Group lowered their price objective on shares of JinkoSolar from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Thursday, March 27th. Citigroup lowered shares of JinkoSolar from a "buy" rating to a "sell" rating in a research report on Monday, May 5th. Finally, UBS Group decreased their target price on shares of JinkoSolar from $25.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.19.

JinkoSolar Price Performance

Shares of NYSE JKS traded down $0.04 during trading on Friday, hitting $23.15. 533,001 shares of the company were exchanged, compared to its average volume of 1,041,004. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -4.61 and a beta of 0.22. JinkoSolar Holding Company Limited has a 1 year low of $13.42 and a 1 year high of $37.36. The firm's fifty day moving average price is $20.52 and its 200 day moving average price is $20.52. 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 (NYSE:JKS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The semiconductor company reported ($2.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.45) by ($1.40). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. JinkoSolar had a negative return on equity of 2.95% and a negative net margin of 2.23%. The company's quarterly revenue was down 39.9% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. On average, sell-side analysts expect that JinkoSolar Holding Company Limited will post -0.24 earnings per share for the current fiscal year.

JinkoSolar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 5.62%. 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.