Harel Insurance Investments & Financial Services Ltd. Buys 3,521 Shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 43.3% during the second quarter, HoldingsChannel reports. The firm owned 11,659 shares of the semiconductor company’s stock after buying an additional 3,521 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in JinkoSolar were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Signaturefd LLC increased its stake in JinkoSolar by 202.1% during the 4th quarter. Signaturefd LLC now owns 1,006 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 673 shares in the last quarter. Tidal Investments LLC increased its stake in shares of JinkoSolar by 4.0% during the first quarter. Tidal Investments LLC now owns 21,629 shares of the semiconductor company’s stock worth $545,000 after purchasing an additional 825 shares in the last quarter. Headlands Technologies LLC raised its holdings in JinkoSolar by 217.0% in the 4th quarter. Headlands Technologies LLC now owns 3,199 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 2,190 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of JinkoSolar by 16.0% during the 2nd quarter. SG Americas Securities LLC now owns 21,321 shares of the semiconductor company’s stock worth $442,000 after buying an additional 2,939 shares during the last quarter. Finally, Barometer Capital Management Inc. acquired a new stake in JinkoSolar in the 4th quarter valued at approximately $126,000. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Trading Down 3.8 %

Shares of JKS stock traded down $0.76 on Tuesday, hitting $19.01. 197,768 shares of the company’s stock traded hands, compared to its average volume of 862,169. JinkoSolar Holding Co., Ltd. has a one year low of $17.08 and a one year high of $38.65. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 3.03 and a beta of 0.38. The company’s fifty day simple moving average is $21.37 and its 200 day simple moving average is $24.09. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 1.03.

JinkoSolar Announces Dividend

The business also recently declared a Variable dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a $1.50 dividend. This represents a yield of 15.6%. The ex-dividend date is Thursday, August 15th. JinkoSolar’s dividend payout ratio is presently 46.18%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JKS shares. Roth Mkm reaffirmed a “neutral” rating and set a $25.00 price target on shares of JinkoSolar in a research report on Tuesday, April 30th. StockNews.com cut JinkoSolar from a “hold” rating to a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.60.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.