J. Alexander’s Holdings, Inc. C (NYSE:JAX) has been the object of insider buying activity recently. Yesterday EVP J. Michael Moore disclosed the purchase of 975 shares of (JAX). The shares were bought on May 27th for an average price of $10.29. Moore now owns $20,323 of the stock per the Form 4 SEC filing. Director Raymond R. Quirk purchased 7,572 shares at a price of $9.58 on Fri the 20th. The Director now owns $644,820 of the stock per an SEC filing yesterday.
Director Frank R. Martire bought 5,600 shares at a price of $9.61 on Wed the 11th. Martire now owns $534,316 of stock as recorded in a recent Form 4 SEC filing.
The following firms have also recently changed their position in JAX. As of quarter end Eminence Capital, Lp had sold a total of 30,526 shares trimming its position 2.4%. The value in dollars decreased from $13,709,000 to $12,588,000 a change of 8.2% quarter over quarter. As of the end of the quarter Marathon Partners Equity Management, LLC had acquired 470,033 shares growing its holdings by 783.8%. The value of the investment in J. Alexander’s Holdings, Inc. C went from $633,000 to $5,263,000 a change of $4,630,000 for the reporting period.
As of the end of the quarter Nitorum Capital, L.p. had acquired a total of 4,405 shares growing its stake by 1.4%. The value of the investment in JAX decreased from $3,424,000 to $3,264,000 decreasing 4.7% quarter to quarter. Moab Capital Partners LLC grew its position by buying 40,384 shares an increase of 24.2% in the quarter. Moab Capital Partners LLC now controls 207,040 shares valued at $2,056,000. The value of the position overall is up by 16.8%.
The company is so far trading down since yesterday’s close of $9.97. Company chares are trading at $9.91 barely above $9.88, the 50 day moving average and just a bit lower than the 200 day moving average of $9.98. The 50 day moving average was up by +0.28% whereas the 200 day average was down by -0.74%.
J. Alexander’s Holdings, Inc. C’s P/E ratio is 46.97 and the market cap of the company is 145.68M. In the last earnings report the EPS was $0.21 and is expected to be $0.49 for the current year with 14,700,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.23 with next year’s EPS projected to be $0.58.