JinkoSolar Holding Company Limited $JKS Holdings Boosted by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its holdings in JinkoSolar by 573.2% in Q1, acquiring an additional 46,129 shares, bringing its total to 54,176 shares worth approximately $1,010,000.
• Multiple large investors, including Banque Cantonale Vaudoise and Caitong International Asset Management, also adjusted their positions in JinkoSolar, increasing institutional ownership to 35.82%.
• Analysts have mixed opinions on JinkoSolar, with Citigroup recently downgrading the stock from a "buy" to a "sell" rating, leaving the average rating as "Reduce" with a price target of $27.19.

Jump Financial LLC boosted its stake in JinkoSolar Holding Company Limited (NYSE:JKS - Free Report) by 573.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,176 shares of the semiconductor company's stock after purchasing an additional 46,129 shares during the period. Jump Financial LLC owned approximately 0.11% of JinkoSolar worth $1,010,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JKS. Banque Cantonale Vaudoise acquired a new stake in shares of JinkoSolar during the first quarter valued at about $36,000. Caitong International Asset Management Co. Ltd grew its stake in shares of JinkoSolar by 502.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 5,470 shares of the semiconductor company's stock valued at $102,000 after acquiring an additional 4,562 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of JinkoSolar by 85.1% during the fourth 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 acquiring an additional 3,998 shares in the last quarter. Barclays PLC grew its stake in shares of JinkoSolar by 425.4% during the fourth quarter. Barclays PLC now owns 12,179 shares of the semiconductor company's stock valued at $303,000 after acquiring an additional 9,861 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of JinkoSolar during the first quarter valued at about $579,000. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Stock Down 0.3%

Shares of JKS stock traded down $0.08 during trading hours on Thursday, hitting $23.93. 83,670 shares of the company were exchanged, compared to its average volume of 752,650. 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 Holding Company Limited has a one year low of $13.42 and a one year high of $37.36. The business's 50-day simple moving average is $22.97 and its two-hundred day simple moving average is $20.59. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -4.76 and a beta of 0.13.

JinkoSolar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.30 annualized dividend and a dividend yield of 5.4%. JinkoSolar's dividend payout ratio (DPR) is presently -25.50%.

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.