Insider Buying: Jernigan Capital Inc (JCAP) Director Acquires 100,000 Shares of Stock

Jernigan Capital Inc (NYSE:JCAP) Director James D. Dondero purchased 100,000 shares of Jernigan Capital stock in a transaction on Tuesday, June 12th. The stock was bought at an average price of $18.50 per share, with a total value of $1,850,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE JCAP opened at $18.68 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.19 and a quick ratio of 5.19. The firm has a market capitalization of $352.19 million, a price-to-earnings ratio of 13.98 and a beta of 0.56. Jernigan Capital Inc has a 12 month low of $15.90 and a 12 month high of $23.34.

Jernigan Capital (NYSE:JCAP) last announced its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The firm had revenue of $5.22 million for the quarter, compared to analysts’ expectations of $4.93 million. Jernigan Capital had a net margin of 118.85% and a return on equity of 6.59%. equities research analysts expect that Jernigan Capital Inc will post 2.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Monday, July 2nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.49%. The ex-dividend date of this dividend is Friday, June 29th. Jernigan Capital’s payout ratio is currently 129.63%.

JCAP has been the subject of a number of research reports. B. Riley set a $25.00 price target on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Thursday, March 1st. KeyCorp set a $22.00 price target on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Tuesday, March 6th. Zacks Investment Research cut shares of Jernigan Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 7th. TheStreet upgraded shares of Jernigan Capital from a “c” rating to a “b-” rating in a report on Monday, March 26th. Finally, ValuEngine cut shares of Jernigan Capital from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.83.

Several institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of Jernigan Capital by 99.9% in the fourth quarter. US Bancorp DE now owns 9,343 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 4,669 shares in the last quarter. Virtu Financial LLC purchased a new position in Jernigan Capital during the fourth quarter worth $201,000. Barclays PLC boosted its stake in shares of Jernigan Capital by 108.8% during the first quarter. Barclays PLC now owns 14,547 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 7,581 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Jernigan Capital during the fourth quarter valued at $264,000. Finally, Teachers Advisors LLC boosted its stake in shares of Jernigan Capital by 25.1% during the fourth quarter. Teachers Advisors LLC now owns 23,613 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 4,742 shares during the period. Hedge funds and other institutional investors own 69.81% of the company’s stock.

About Jernigan Capital

Jernigan Capital, Inc is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners, and operators of self-storage facilities. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.

Insider Buying and Selling by Quarter for Jernigan Capital (NYSE:JCAP)

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