Jernigan Capital, Inc. (JCAP): William C. Drummond , CFO of Jernigan Capital, Inc. purchased 1,012 shares on Jun 9, 2016. The Insider buying transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $15.29 per share for a total value of $15,475.28 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Harry J. Thie (director) purchased 1,250 shares at $14.18 per share price.On Mar 17, 2016, William C. Drummond (CFO) purchased 500 shares at $15.15 per share price.Also, On Mar 11, 2016, John A Good (COO) purchased 2,300 shares at $15.60 per share price.On Dec 30, 2015, Dean Jernigan (CEO) purchased 6,874 shares at $16.34 per share price.
Shares of Jernigan Capital Inc (JCAP) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -1.77% at $15 with 43,959 shares getting traded. Post opening the session at $15.25, the shares hit an intraday low of $15 and an intraday high of $15.26 and the price vacillated in this range throughout the day. The company has a market cap of $92 M and the number of outstanding shares has been calculated to be 61,62,500 shares. The 52-week high of Jernigan Capital Inc is $21 and the 52-week low is $10.1.
Company has been under the radar of several Street Analysts.Jernigan Capital Inc is Downgraded by Wunderlich to Sell while Lowering the Price Target of the company shares to $ 10 from a previous price target of $18 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 6, 2016.
Jernigan Capital Inc. is a commercial real estate finance company that lends to private developers owners and operators of self-storage facilities. The Company focuses primarily on originating development loans and stabilized asset loans. It originates a portfolio of development acquisition and refinance loans secured by self-storage facilities. The Company’s development loans are used to finance ground-up construction of self-storage facilities or major self-storage redevelopment opportunities and these loans are funded over time as the developer completes the project. Its stabilized asset loans are used to finance the acquisition of refinance existing indebtedness on or recapitalize stabilized self-storage facilities. Refinanced indebtedness includes bank loans or loans included in commercial mortgage-backed securities or CMBS pools. The Company is managed and advised by JCap Advisors LLC.