Jernigan Capital, Inc. (JCAP): Harry J. Thie , director of Jernigan Capital, Inc. purchased 1,250 shares on Mar 22, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.18 per share for a total value of $17,998.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 22, 2016, Harry J. Thie (director) purchased 200 shares at $15.00 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.
Jernigan Capital Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Jernigan Capital Inc which led to swings in the share price. The shares opened for trading at $13.88 and hit $14.549 on the upside , eventually ending the session at $14.45, with a gain of 3.96% or 0.55 points. The heightened volatility saw the trading volume jump to 52,093 shares. The 52-week high of the share price is $21.64 and the company has a market cap of $89 M . The 52-week low of the share price is at $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.