Acadian Asset Management LLC Lowers Position in Jerash Holdings (US), Inc. (NASDAQ:JRSH)

Acadian Asset Management LLC cut its holdings in Jerash Holdings (US), Inc. (NASDAQ:JRSH) by 15.0% in the second quarter, Holdings Channel reports. The fund owned 31,635 shares of the company’s stock after selling 5,569 shares during the quarter. Acadian Asset Management LLC’s holdings in Jerash Holdings (US) were worth $117,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in 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. Vanguard Group Inc. lifted its stake in Jerash Holdings (US) by 42.4% in the first quarter. Vanguard Group Inc. now owns 66,626 shares of the company’s stock worth $428,000 after acquiring an additional 19,853 shares during the period. Stifel Financial Corp purchased a new stake in Jerash Holdings (US) in the first quarter worth about $260,000. Dimensional Fund Advisors LP lifted its stake in Jerash Holdings (US) by 23.1% in the third quarter. Dimensional Fund Advisors LP now owns 35,105 shares of the company’s stock worth $149,000 after acquiring an additional 6,582 shares during the period. Finally, BlackRock Inc. lifted its stake in Jerash Holdings (US) by 21.7% in the first quarter. BlackRock Inc. now owns 16,987 shares of the company’s stock worth $80,000 after acquiring an additional 3,028 shares during the period. 3.51% of the stock is owned by hedge funds and other institutional investors.

Jerash Holdings (US) Price Performance

NASDAQ:JRSH opened at $2.89 on Tuesday. Jerash Holdings has a 1-year low of $2.77 and a 1-year high of $4.97. The company has a 50-day moving average of $3.12 and a 200 day moving average of $3.60. The firm has a market cap of $35.56 million, a PE ratio of -144.61 and a beta of 0.98.

Jerash Holdings (US) Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Tuesday, November 14th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend is Monday, November 13th. Jerash Holdings (US)’s payout ratio is -1,000.00%.

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.