Jerash Holdings (US), Inc. (JRSH) To Go Ex-Dividend on February 15th

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) Stock Performance

Shares of JRSH opened at $3.20 on Wednesday. The stock has a fifty day moving average of $3.02 and a two-hundred day moving average of $3.17. The company has a market capitalization of $39.36 million, a PE ratio of -160.00 and a beta of 0.83. Jerash Holdings has a fifty-two week low of $2.77 and a fifty-two week high of $4.97.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Stifel Financial Corp acquired a new stake in shares of Jerash Holdings (US) during the 1st quarter worth $260,000. Vanguard Group Inc. increased its holdings in shares of Jerash Holdings (US) by 24.0% during the 3rd quarter. Vanguard Group Inc. now owns 116,167 shares of the company’s stock worth $353,000 after buying an additional 22,463 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Jerash Holdings (US) by 49.4% during the 1st quarter. Acadian Asset Management LLC now owns 46,299 shares of the company’s stock worth $295,000 after buying an additional 15,307 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Jerash Holdings (US) by 14.6% during the 4th quarter. Renaissance Technologies LLC now owns 99,440 shares of the company’s stock worth $387,000 after buying an additional 12,700 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Jerash Holdings (US) by 44.1% during the 2nd quarter. Royal Bank of Canada now owns 30,111 shares of the company’s stock worth $112,000 after buying an additional 9,211 shares during the last quarter. 3.51% of the stock is currently owned by institutional investors and hedge funds.

Jerash Holdings (US) Company Profile

(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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