Verdence Capital Advisors LLC Has $431,000 Stock Holdings in Janus International Group, Inc. (NYSE:JBI)

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

Several other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in Janus International Group by 42.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock valued at $38,000 after acquiring an additional 1,544 shares during the period. LPL Financial LLC raised its stake in shares of Janus International Group by 5.4% during the fourth quarter. LPL Financial LLC now owns 35,829 shares of the company's stock valued at $263,000 after purchasing an additional 1,839 shares in the last quarter. Principal Financial Group Inc. grew its position in Janus International Group by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 212,713 shares of the company's stock valued at $1,532,000 after buying an additional 2,338 shares in the last quarter. Federated Hermes Inc. increased its stake in Janus International Group by 109.3% during the 4th quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock valued at $35,000 after buying an additional 2,506 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Janus International Group by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company's stock worth $593,000 after buying an additional 2,890 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Price Performance

NYSE:JBI traded up $0.15 during mid-day trading on Wednesday, reaching $9.22. 646,037 shares of the stock were exchanged, compared to its average volume of 1,827,526. Janus International Group, Inc. has a 1-year low of $5.99 and a 1-year high of $15.24. 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 firm has a market capitalization of $1.29 billion, a PE ratio of 26.33 and a beta of 1.24. The business has a fifty day moving average price of $8.45 and a 200 day moving average price of $7.89.

Janus International Group (NYSE:JBI - Get Free Report) last posted 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 firm had revenue of $210.50 million for the quarter, compared to analyst estimates of $200.73 million. Janus International Group had a net margin of 5.49% and a return on equity of 13.38%. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. Research analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 15th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, KeyCorp increased their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $10.00.

About Janus International Group

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.