Brave Asset Management Inc. Boosts Stake in J2 Global Inc (JCOM)

Brave Asset Management Inc. grew its stake in shares of J2 Global Inc (NASDAQ:JCOM) by 50.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,453 shares of the technology company’s stock after purchasing an additional 33,422 shares during the quarter. J2 Global makes up 3.9% of Brave Asset Management Inc.’s portfolio, making the stock its 3rd largest holding. Brave Asset Management Inc.’s holdings in J2 Global were worth $7,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in J2 Global by 47.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock worth $194,000 after buying an additional 831 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in J2 Global in the 4th quarter worth approximately $210,000. Parametrica Management Ltd bought a new position in J2 Global in the 3rd quarter worth approximately $229,000. Raymond James Financial Services Advisors Inc. bought a new position in J2 Global in the 3rd quarter worth approximately $250,000. Finally, Eqis Capital Management Inc. bought a new position in J2 Global in the 3rd quarter worth approximately $298,000.

In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $77.63, for a total value of $232,890.00. Following the completion of the sale, the chief executive officer now directly owns 748,232 shares in the company, valued at $58,085,250.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.15% of the company’s stock.

A number of equities analysts recently issued reports on the company. William Blair reissued an “outperform” rating on shares of J2 Global in a report on Wednesday, February 7th. Zacks Investment Research raised J2 Global from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Robert W. Baird increased their price objective on J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. DA Davidson assumed coverage on J2 Global in a research report on Friday, February 2nd. They issued a “buy” rating and a $95.00 target price for the company. Finally, BidaskClub upgraded J2 Global from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $99.50.

Shares of J2 Global Inc (JCOM) opened at $77.38 on Monday. The firm has a market capitalization of $3,750.00, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 2.79. J2 Global Inc has a 52-week low of $70.27 and a 52-week high of $91.48.

J2 Global (NASDAQ:JCOM) last released its earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.09. The firm had revenue of $316.38 million during the quarter, compared to the consensus estimate of $319.00 million. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 earnings per share. equities analysts predict that J2 Global Inc will post 5.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Thursday, February 22nd will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 2.09%. This is an increase from J2 Global’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, February 21st. J2 Global’s dividend payout ratio is 55.63%.

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About J2 Global

j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).

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Institutional Ownership by Quarter for J2 Global (NASDAQ:JCOM)

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