VELA Investment Management LLC Buys 53,155 Shares of Janus International Group, Inc. $JBI

Key Points

• VELA Investment Management LLC has increased its stake in Janus International Group by 22.7%, owning approximately 0.20% of the company worth $2,340,000 after acquiring an additional 53,155 shares.
• Several institutional investors have made significant purchases of Janus International Group shares, with institutional ownership reaching 88.78%.
• Equities analysts have set a consensus price target of $10.67 for Janus International Group, with ratings ranging from "Buy" to "Hold".

VELA Investment Management LLC raised its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 22.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 287,443 shares of the company's stock after acquiring an additional 53,155 shares during the period. VELA Investment Management LLC owned approximately 0.20% of Janus International Group worth $2,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JBI. GAMMA Investing LLC lifted its stake in Janus International Group by 787.5% during the 1st quarter. GAMMA Investing LLC now owns 17,813 shares of the company's stock valued at $128,000 after acquiring an additional 15,806 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Janus International Group during the 1st quarter valued at about $72,000. Exchange Traded Concepts LLC purchased a new stake in shares of Janus International Group during the 1st quarter valued at about $228,000. Janney Montgomery Scott LLC purchased a new stake in shares of Janus International Group during the 1st quarter valued at about $355,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Janus International Group during the 1st quarter valued at about $205,000. Institutional investors own 88.78% of the company's stock.

Janus International Group Trading Down 0.6%

Shares of JBI opened at $9.93 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.61 and a quick ratio of 2.26. Janus International Group, Inc. has a 1 year low of $5.99 and a 1 year high of $10.80. The company has a 50 day simple moving average of $10.10 and a two-hundred day simple moving average of $8.70. The firm has a market cap of $1.38 billion, a P/E ratio of 32.03 and a beta of 1.34.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Monday, March 28th. The company reported $0.24 earnings per share (EPS) for the quarter. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The business had revenue of $148.59 million during the quarter. On average, equities analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on JBI shares. KeyCorp upped their price target on shares of Janus International Group from $10.00 to $12.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Janus International Group in a report on Wednesday, October 8th. UBS Group raised their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Jefferies Financial Group raised their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen upgraded shares of Janus International Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $10.67.

Janus International Group 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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