Insider Selling: Jernigan Capital Inc (JCAP) Director Sells 88,837 Shares of Stock

Jernigan Capital Inc (NYSE:JCAP) Director James D. Dondero sold 88,837 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $21.09, for a total value of $1,873,572.33. The sale was disclosed in a filing with the SEC, which is available through this link.

NYSE JCAP traded up $0.07 on Friday, reaching $21.09. 149,200 shares of the stock traded hands, compared to its average volume of 132,893. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.07. The firm has a market cap of $456.55 million, a PE ratio of 10.14 and a beta of 0.55. Jernigan Capital Inc has a 12 month low of $17.91 and a 12 month high of $22.20.

Jernigan Capital (NYSE:JCAP) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.21. The business had revenue of $9.88 million during the quarter, compared to analyst estimates of $9.23 million. Jernigan Capital had a return on equity of 20.04% and a net margin of 170.35%. On average, research analysts expect that Jernigan Capital Inc will post 1.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend is Friday, June 28th. Jernigan Capital’s dividend payout ratio (DPR) is presently 67.31%.

Separately, Zacks Investment Research lowered Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Jernigan Capital presently has an average rating of “Buy” and a consensus target price of $24.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. SEI Investments Co bought a new stake in Jernigan Capital during the 1st quarter valued at $29,000. Advisor Group Inc. raised its position in Jernigan Capital by 164.4% during the 1st quarter. Advisor Group Inc. now owns 1,454 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 904 shares in the last quarter. Loeb Partners Corp bought a new stake in Jernigan Capital during the 4th quarter valued at $40,000. BNP Paribas Arbitrage SA raised its position in Jernigan Capital by 476.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,494 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 2,888 shares in the last quarter. Finally, Citigroup Inc. raised its position in Jernigan Capital by 77.0% during the 1st quarter. Citigroup Inc. now owns 4,960 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 2,158 shares in the last quarter. 70.27% of the stock is owned by institutional investors and hedge funds.

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Jernigan Capital Company Profile

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.

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