Jupiter Fund Management (LON:JUP) Reaches New 52-Week Low – Should You Sell?

Shares of Jupiter Fund Management Plc (LON:JUP) reached a new 52-week low on Monday . The stock traded as low as GBX 70.90 ($0.92) and last traded at GBX 70.90 ($0.92), with a volume of 1423811 shares trading hands. The stock had previously closed at GBX 74.60 ($0.96).

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their price target on Jupiter Fund Management from GBX 92 ($1.19) to GBX 80 ($1.03) and set a “neutral” rating for the company in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 89 ($1.15).

Jupiter Fund Management Price Performance

The company has a current ratio of 1.70, a quick ratio of 1.79 and a debt-to-equity ratio of 11.23. The firm’s fifty day moving average price is GBX 77.57 and its 200 day moving average price is GBX 81.46. The firm has a market capitalization of £363.22 million, a PE ratio of -40.92 and a beta of 1.42.

Jupiter Fund Management (LON:JUP) last released its quarterly earnings data on Thursday, February 27th. The company reported GBX 13.40 ($0.17) earnings per share for the quarter. Jupiter Fund Management had a negative return on equity of 1.13% and a negative net margin of 2.34%. As a group, equities analysts forecast that Jupiter Fund Management Plc will post 8.5093781 earnings per share for the current year.

Jupiter Fund Management Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Thursday, April 17th will be given a GBX 2.20 ($0.03) dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 17th. Jupiter Fund Management’s dividend payout ratio (DPR) is presently -403.98%.

Insider Activity

In related news, insider David Cruickshank purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of GBX 74 ($0.96) per share, for a total transaction of £74,000 ($95,681.41). Also, insider Dale Jane Murray purchased 33,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of GBX 75 ($0.97) per share, with a total value of £24,750 ($32,001.55). Insiders own 25.22% of the company’s stock.

Jupiter Fund Management Company Profile

Jupiter Fund Management Plc is a publicly owned investment manager. The firm manages mutual funds, hedge funds, client focused portfolios, and multi-manager products for its clients. It invests in the public equity markets across U.K., Europe and global emerging markets. The firm also invests in fixed income markets, fund of funds products, hedge funds, and absolute return funds.