Jerash Holdings (US), Inc. (NASDAQ:JRSH) Plans $0.05 Quarterly Dividend

Jerash Holdings (US), Inc. (NASDAQ:JRSHGet Free Report) declared a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Friday, February 16th will be paid a dividend of 0.05 per share on Friday, February 23rd. This represents a $0.20 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Thursday, February 15th.

Jerash Holdings (US) has a dividend payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings.

Jerash Holdings (US) Trading Up 0.9 %

NASDAQ:JRSH opened at $3.20 on Wednesday. The company’s 50 day moving average is $3.02 and its two-hundred day moving average is $3.17. The company has a market cap of $39.36 million, a PE ratio of -160.00 and a beta of 0.83. Jerash Holdings has a twelve month low of $2.77 and a twelve month high of $4.97.

Jerash Holdings (US) (NASDAQ:JRSHGet Free Report) last announced its quarterly earnings data on Monday, November 13th. The company reported $0.03 earnings per share for the quarter. Jerash Holdings (US) had a negative net margin of 0.17% and a negative return on equity of 0.33%. The firm had revenue of $33.36 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Stifel Financial Corp purchased a new stake in Jerash Holdings (US) in the first quarter valued at approximately $260,000. Vanguard Group Inc. lifted its stake in Jerash Holdings (US) by 24.0% during the 3rd quarter. Vanguard Group Inc. now owns 116,167 shares of the company’s stock valued at $353,000 after acquiring an additional 22,463 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Jerash Holdings (US) by 49.4% in the 1st quarter. Acadian Asset Management LLC now owns 46,299 shares of the company’s stock valued at $295,000 after acquiring an additional 15,307 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Jerash Holdings (US) by 14.6% in the fourth quarter. Renaissance Technologies LLC now owns 99,440 shares of the company’s stock worth $387,000 after acquiring an additional 12,700 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Jerash Holdings (US) by 44.1% during the second quarter. Royal Bank of Canada now owns 30,111 shares of the company’s stock worth $112,000 after purchasing an additional 9,211 shares during the last quarter. 3.51% of the stock is owned by institutional investors and hedge funds.

About Jerash Holdings (US)

(Get Free Report)

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sport and outerwear. The company offers t-shirts; jackets and pullover; pants and shorts; crew neck, polo shirts, and tank tops made from knitted fabric, as well as personal protective equipment. It serves various brand-name retailers in the United States, Hong Kong, Jordan, and internationally.

See Also

Dividend History for Jerash Holdings (US) (NASDAQ:JRSH)

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