Jerash Holdings (US) Inc (NASDAQ:JRSH) Shares Acquired by Perritt Capital Management Inc.

Perritt Capital Management Inc. increased its position in shares of Jerash Holdings (US) Inc (NASDAQ:JRSH) by 15.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,529 shares of the company’s stock after purchasing an additional 8,919 shares during the quarter. Perritt Capital Management Inc. owned 0.60% of Jerash Holdings (US) worth $484,000 as of its most recent filing with the SEC.

Separately, Royce & Associates LP raised its holdings in Jerash Holdings (US) by 32.1% during the first quarter. Royce & Associates LP now owns 149,860 shares of the company’s stock worth $1,101,000 after purchasing an additional 36,393 shares during the last quarter. 3.76% of the stock is currently owned by institutional investors and hedge funds.

JRSH stock traded up $0.29 during midday trading on Thursday, hitting $7.69. 49,963 shares of the stock were exchanged, compared to its average volume of 8,737. The stock’s 50-day moving average price is $7.09 and its 200-day moving average price is $7.09. The stock has a market cap of $84.79 million, a price-to-earnings ratio of 17.09 and a beta of 1.17. Jerash Holdings has a fifty-two week low of $4.77 and a fifty-two week high of $8.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.62 and a current ratio of 7.41.

Jerash Holdings (US) (NASDAQ:JRSH) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $22.53 million for the quarter, compared to analyst estimates of $21.70 million. Jerash Holdings (US) had a return on equity of 17.07% and a net margin of 8.47%. Research analysts anticipate that Jerash Holdings will post 0.75 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Sunday, August 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.60%. The ex-dividend date was Thursday, August 8th. Jerash Holdings (US)’s payout ratio is 44.44%.

Several equities analysts recently issued reports on the company. ValuEngine cut Jerash Holdings (US) from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Zacks Investment Research cut Jerash Holdings (US) from a “hold” rating to a “sell” rating in a report on Wednesday, June 5th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $9.50.

Jerash Holdings (US) Company Profile

Jerash Holdings (US), Inc, through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, crew neck shirts, pants, and shorts made from knitted fabric. It serves various brand-name retailers in the United States, Jordan, and internationally.

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Institutional Ownership by Quarter for Jerash Holdings (US) (NASDAQ:JRSH)

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