Jernigan Capital Inc (NYSE:JCAP) Shares Acquired by Monarch Partners Asset Management LLC

Monarch Partners Asset Management LLC increased its position in Jernigan Capital Inc (NYSE:JCAP) by 13.4% in the third quarter, Holdings Channel reports. The firm owned 51,125 shares of the real estate investment trust’s stock after purchasing an additional 6,060 shares during the quarter. Monarch Partners Asset Management LLC’s holdings in Jernigan Capital were worth $984,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JCAP. WINTON GROUP Ltd boosted its stake in Jernigan Capital by 18.1% in the second quarter. WINTON GROUP Ltd now owns 25,765 shares of the real estate investment trust’s stock valued at $528,000 after acquiring an additional 3,952 shares during the period. Bogart Wealth LLC acquired a new position in Jernigan Capital in the second quarter valued at approximately $51,000. Nisa Investment Advisors LLC boosted its stake in Jernigan Capital by 93.7% in the second quarter. Nisa Investment Advisors LLC now owns 1,850 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 895 shares during the period. SeaBridge Investment Advisors LLC boosted its stake in Jernigan Capital by 33.3% in the second quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 1,000 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its stake in Jernigan Capital by 4.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 223,500 shares of the real estate investment trust’s stock valued at $4,582,000 after acquiring an additional 10,000 shares during the period. Institutional investors own 67.68% of the company’s stock.

JCAP stock traded up $0.42 during midday trading on Friday, reaching $17.84. The company had a trading volume of 459,310 shares, compared to its average volume of 159,382. The company has a quick ratio of 0.23, a current ratio of 0.25 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $18.98 and a 200 day moving average price of $20.06. Jernigan Capital Inc has a fifty-two week low of $17.21 and a fifty-two week high of $22.20. The firm has a market capitalization of $386.75 million, a PE ratio of 8.58 and a beta of 0.46.

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A number of equities analysts have commented on the company. Zacks Investment Research upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Raymond James downgraded Jernigan Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, B. Riley set a $26.00 target price on Jernigan Capital and gave the company a “buy” rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.50.

About Jernigan Capital

Jernigan Capital, Inc is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners, and operators of self-storage facilities. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.

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Want to see what other hedge funds are holding JCAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jernigan Capital Inc (NYSE:JCAP).

Institutional Ownership by Quarter for Jernigan Capital (NYSE:JCAP)

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