Jason Industries Inc (JASN) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in Jason Industries Inc (NASDAQ:JASN) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,590 shares of the technology company’s stock after selling 29,795 shares during the period. Gabelli Funds LLC’s holdings in Jason Industries were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Malaga Cove Capital LLC boosted its stake in shares of Jason Industries by 40.3% during the third quarter. Malaga Cove Capital LLC now owns 91,600 shares of the technology company’s stock worth $136,000 after buying an additional 26,300 shares during the period. Essex Investment Management Co. LLC boosted its stake in shares of Jason Industries by 154.7% during the third quarter. Essex Investment Management Co. LLC now owns 300,141 shares of the technology company’s stock worth $477,000 after buying an additional 182,310 shares during the period. Terril Brothers Inc. boosted its stake in shares of Jason Industries by 9.5% during the fourth quarter. Terril Brothers Inc. now owns 268,444 shares of the technology company’s stock worth $636,000 after buying an additional 23,262 shares during the period. Skylands Capital LLC boosted its stake in shares of Jason Industries by 117.4% during the fourth quarter. Skylands Capital LLC now owns 336,981 shares of the technology company’s stock worth $799,000 after buying an additional 181,961 shares during the period. Finally, Vaughan David Investments Inc. IL boosted its stake in shares of Jason Industries by 3,974.3% during the third quarter. Vaughan David Investments Inc. IL now owns 407,431 shares of the technology company’s stock worth $38,914,000 after buying an additional 397,431 shares during the period. Institutional investors and hedge funds own 35.58% of the company’s stock.

Several equities research analysts have recently weighed in on JASN shares. ValuEngine upgraded shares of Jason Industries from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Roth Capital started coverage on shares of Jason Industries in a research note on Thursday, January 4th. They set a “buy” rating and a $4.50 target price for the company.

Shares of Jason Industries Inc (JASN) opened at $2.22 on Thursday. Jason Industries Inc has a 12 month low of $0.77 and a 12 month high of $2.92. The firm has a market cap of $58.16, a PE ratio of -11.68 and a beta of 0.37. The company has a current ratio of 2.00, a quick ratio of 1.34 and a debt-to-equity ratio of -8.26.

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Jason Industries Profile

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

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Institutional Ownership by Quarter for Jason Industries (NASDAQ:JASN)

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