Janus International Group, Inc. (NYSE:JBI) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 142.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,811 shares of the company's stock after acquiring an additional 35,168 shares during the quarter. Verdence Capital Advisors LLC's holdings in Janus International Group were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in Janus International Group during the first quarter worth $228,000. GAMMA Investing LLC increased its stake in Janus International Group by 787.5% during the first quarter. GAMMA Investing LLC now owns 17,813 shares of the company's stock worth $128,000 after acquiring an additional 15,806 shares during the last quarter. Group One Trading LLC increased its stake 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 worth $67,000 after acquiring an additional 9,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Janus International Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company's stock worth $593,000 after acquiring an additional 2,890 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Janus International Group during the fourth quarter worth $6,797,000. Institutional investors and hedge funds own 88.78% of the company's stock.

Analysts Set New Price Targets

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

Janus International Group Price Performance

Shares of JBI opened at $8.73 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of 24.94 and a beta of 1.24. The company has a current ratio of 2.59, a quick ratio of 2.21 and a debt-to-equity ratio of 1.03. The stock's 50 day moving average is $8.42 and its two-hundred day moving average is $7.86. Janus International Group, Inc. has a twelve month low of $5.99 and a twelve month high of $15.24.

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

Janus International Group declared that its board has authorized a stock buyback program on Thursday, May 15th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Janus International Group Company Profile

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.

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