Citadel Advisors LLC Purchases New Holdings in Jerash Holdings (US), Inc. (NASDAQ:JRSH)

Citadel Advisors LLC purchased a new stake in shares of Jerash Holdings (US), Inc. (NASDAQ:JRSH) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 22,853 shares of the company’s stock, valued at approximately $78,000.

Separately, Renaissance Technologies LLC increased its stake in Jerash Holdings (US) by 27.3% during the fourth quarter. Renaissance Technologies LLC now owns 92,240 shares of the company’s stock valued at $315,000 after acquiring an additional 19,800 shares during the period. Institutional investors own 3.39% of the company’s stock.

Jerash Holdings (US) Trading Up 0.6%

JRSH stock opened at $3.15 on Wednesday. Jerash Holdings has a 1-year low of $2.68 and a 1-year high of $4.17. The firm has a market cap of $38.73 million, a P/E ratio of -10.16 and a beta of 1.05. The business’s 50 day moving average is $3.10 and its 200-day moving average is $3.36.

Jerash Holdings (US) Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 30th were paid a $0.05 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.20 annualized dividend and a dividend yield of 6.35%. Jerash Holdings (US)’s dividend payout ratio is currently -64.52%.

Jerash Holdings (US) Profile

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.