JinkoSolar (NYSE:JKS) Director Sells $263,840.00 in Stock

JinkoSolar Holding Company Limited (NYSE:JKS) Director Wing Keong Siew sold 16,000 shares of JinkoSolar stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $16.49, for a total value of $263,840.00. Following the sale, the director owned 170,000 shares of the company’s stock, valued at approximately $2,803,300. This represents a 8.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wing Keong Siew also recently made the following trade(s):

• On Wednesday, May 13th, Wing Keong Siew sold 16,000 shares of JinkoSolar stock. The stock was sold at an average price of $26.11, for a total value of $417,760.00.

JinkoSolar Trading Up 0.3%

NYSE:JKS opened at $15.88 on Friday. The company has a market capitalization of $831.64 million, a P/E ratio of -1.63 and a beta of 0.51. The stock’s 50 day moving average price is $21.04 and its 200 day moving average price is $24.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.95 and a current ratio of 1.26. JinkoSolar Holding Company Limited has a 52 week low of $15.33 and a 52 week high of $31.88.

JinkoSolar (NYSE:JKS) last posted its earnings results on Wednesday, April 29th. The semiconductor company reported ($1.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.84) by $0.32. JinkoSolar had a negative net margin of 5.62% and a negative return on equity of 9.52%. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $2.09 billion. On average, research analysts forecast that JinkoSolar Holding Company Limited will post -2.76 EPS for the current fiscal year.

JinkoSolar Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Thursday, July 9th. Investors of record on Monday, June 22nd will be issued a $1.50 dividend. The ex-dividend date is Monday, June 22nd. This represents a yield of 837.0%. JinkoSolar’s dividend payout ratio is currently -15.20%.

Hedge Funds Weigh In On JinkoSolar

Large investors have recently bought and sold shares of the stock. Banque Cantonale Vaudoise grew its position in JinkoSolar by 37.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 3,079 shares of the semiconductor company’s stock worth $78,000 after purchasing an additional 839 shares during the last quarter. Trexquant Investment LP raised its position in shares of JinkoSolar by 2.1% during the fourth quarter. Trexquant Investment LP now owns 42,378 shares of the semiconductor company’s stock valued at $1,094,000 after buying an additional 889 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of JinkoSolar by 7.7% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 17,065 shares of the semiconductor company’s stock valued at $440,000 after buying an additional 1,219 shares during the period. Raymond James Financial Inc. bought a new stake in shares of JinkoSolar in the second quarter valued at about $47,000. Finally, Daiwa Securities Group Inc. grew its position in JinkoSolar by 18.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 17,600 shares of the semiconductor company’s stock worth $454,000 after buying an additional 2,700 shares in the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Freedom Capital raised JinkoSolar from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Weiss Ratings lowered JinkoSolar from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Daiwa Securities Group raised JinkoSolar from a “sell” rating to a “buy” rating and set a $28.50 price objective on the stock in a research note on Tuesday, March 24th. UBS Group boosted their target price on JinkoSolar from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, Wall Street Zen raised JinkoSolar from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.38.

About JinkoSolar

JinkoSolar Holding Co, Ltd. (NYSE: JKS) is a vertically integrated solar photovoltaic (PV) manufacturer headquartered in Shanghai, China. The company specializes in the design, development and production of high-performance solar modules, silicon wafers, solar cells and related components. Since its founding in 2006, JinkoSolar has become one of the world’s largest solar module suppliers, known for delivering reliable products to utility, commercial and residential customers.

JinkoSolar’s product portfolio encompasses a broad range of monocrystalline and polycrystalline PV modules, including half-cell, bifacial and high-efficiency Tiger module series.