VELA Investment Management LLC Acquires New Holdings in Janus International Group, Inc. (NYSE:JBI)

VELA Investment Management LLC acquired a new stake in Janus International Group, Inc. (NYSE:JBI) in the fourth quarter, HoldingsChannel reports. The firm acquired 158,031 shares of the company’s stock, valued at approximately $1,162,000.

A number of other large investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in Janus International Group by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 468,691 shares of the company’s stock valued at $3,445,000 after buying an additional 18,432 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Janus International Group by 15.0% in the 4th quarter. Principal Financial Group Inc. now owns 210,375 shares of the company’s stock valued at $1,546,000 after buying an additional 27,499 shares during the last quarter. Rhumbline Advisers raised its holdings in Janus International Group by 10.4% in the 4th quarter. Rhumbline Advisers now owns 202,886 shares of the company’s stock valued at $1,491,000 after buying an additional 19,069 shares during the last quarter. Entropy Technologies LP bought a new position in Janus International Group in the 4th quarter valued at approximately $76,000. Finally, Wilmington Savings Fund Society FSB raised its holdings in Janus International Group by 23.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,004 shares of the company’s stock valued at $228,000 after buying an additional 5,820 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $12.00 to $7.50 in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.25.

Janus International Group Stock Performance

NYSE:JBI opened at $8.53 on Friday. The company has a market capitalization of $1.20 billion, a PE ratio of 11.84 and a beta of 0.92. The company has a 50 day simple moving average of $7.83 and a two-hundred day simple moving average of $8.68. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. Janus International Group, Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $15.53.

Janus International Group Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.