Jerash Holdings (US), Inc. (JRSH) To Go Ex-Dividend on February 13th

Jerash Holdings (US), Inc. (NASDAQ:JRSH) declared a quarterly dividend on Tuesday, February 3rd. Investors of record on Friday, February 13th will be paid a dividend of 0.05 per share on Friday, February 20th. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, February 13th.

Jerash Holdings (US) has decreased its dividend payment by an average of 0.0%annually over the last three years. Jerash Holdings (US) has a payout ratio of 42.6% indicating that its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Stock Performance

JRSH opened at $3.49 on Wednesday. The company has a market cap of $44.32 million, a price-to-earnings ratio of 23.27 and a beta of 1.06. Jerash Holdings has a one year low of $2.81 and a one year high of $4.17. The business’s fifty day moving average is $3.07 and its two-hundred day moving average is $3.23.

Jerash Holdings (US) (NASDAQ:JRSH) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $41.77 million during the quarter, compared to analysts’ expectations of $42.30 million. Jerash Holdings (US) had a return on equity of 2.87% and a net margin of 1.18%.

Institutional Trading of Jerash Holdings (US)

A number of hedge funds have recently bought and sold shares of JRSH. Access Investment Management LLC acquired a new position in Jerash Holdings (US) in the 2nd quarter valued at $155,000. Jane Street Group LLC acquired a new position in Jerash Holdings (US) in the second quarter valued at $50,000. Dimensional Fund Advisors LP lifted its position in Jerash Holdings (US) by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 90,898 shares of the company’s stock worth $302,000 after buying an additional 3,136 shares during the period. Citadel Advisors LLC lifted its position in Jerash Holdings (US) by 35.7% during the third quarter. Citadel Advisors LLC now owns 41,450 shares of the company’s stock worth $138,000 after buying an additional 10,912 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in Jerash Holdings (US) by 70.6% in the 3rd quarter. Susquehanna International Group LLP now owns 269,014 shares of the company’s stock worth $893,000 after buying an additional 111,359 shares during the last quarter. Institutional investors and hedge funds own 3.39% of the company’s stock.

About Jerash Holdings (US)

Jerash Holdings (NASDAQ:JRSH) is a global designer, manufacturer and marketer of intimate apparel, sportswear and swimwear. Founded in 1994 in the Jerash special economic zone of Jordan, the company has built a vertically integrated production model that spans product design, raw material sourcing, fabric printing, sewing and finishing. By controlling each stage of the manufacturing process, Jerash maintains strict quality standards and achieves competitive lead times for its apparel collections.

Operating state-of-the-art facilities in Jordan with a workforce of more than 10,000 employees, Jerash produces both proprietary brands and private-label merchandise for major retailers.