Insider Selling: Jernigan Capital Inc (NYSE:JCAP) Director Sells $199,060.00 in Stock

Jernigan Capital Inc (NYSE:JCAP) Director James D. Dondero sold 18,500 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $10.76, for a total transaction of $199,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NYSE JCAP opened at $11.03 on Friday. The company’s 50 day moving average is $17.23 and its 200-day moving average is $18.42. Jernigan Capital Inc has a 12-month low of $8.83 and a 12-month high of $22.20. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.38. The firm has a market cap of $236.42 million, a P/E ratio of 9.76 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.34%. The ex-dividend date of this dividend is Tuesday, March 31st. Jernigan Capital’s dividend payout ratio (DPR) is currently 73.68%.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Jernigan Capital from a “hold” rating to a “sell” rating in a research report on Friday, February 21st. KeyCorp boosted their price target on shares of Jernigan Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Jernigan Capital in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.33.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Shoals Capital Management LP increased its holdings in Jernigan Capital by 37.5% during the 4th quarter. Shoals Capital Management LP now owns 1,100,000 shares of the real estate investment trust’s stock worth $21,054,000 after acquiring an additional 300,000 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in Jernigan Capital by 16.0% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 822,814 shares of the real estate investment trust’s stock worth $15,749,000 after acquiring an additional 113,574 shares during the period. State Street Corp increased its holdings in Jernigan Capital by 2.7% during the 4th quarter. State Street Corp now owns 524,859 shares of the real estate investment trust’s stock worth $10,229,000 after acquiring an additional 13,790 shares during the period. Investment Counselors of Maryland LLC increased its holdings in Jernigan Capital by 1.7% during the 4th quarter. Investment Counselors of Maryland LLC now owns 425,499 shares of the real estate investment trust’s stock worth $8,144,000 after acquiring an additional 7,203 shares during the period. Finally, Manning & Napier Group LLC increased its holdings in Jernigan Capital by 31.5% during the 4th quarter. Manning & Napier Group LLC now owns 369,085 shares of the real estate investment trust’s stock worth $7,063,000 after acquiring an additional 88,385 shares during the period. 75.48% of the stock is currently owned by institutional investors.

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

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