Intrepid Capital Management Inc. lifted its position in shares of Jefferies Financial Group Inc (NYSE:JEF) by 42.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 412,965 shares of the financial services provider’s stock after buying an additional 122,795 shares during the period. Jefferies Financial Group makes up approximately 3.6% of Intrepid Capital Management Inc.’s portfolio, making the stock its 8th largest position. Intrepid Capital Management Inc. owned about 0.14% of Jefferies Financial Group worth $7,941,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pearl River Capital LLC acquired a new stake in shares of Jefferies Financial Group during the 2nd quarter worth approximately $33,000. Captrust Financial Advisors increased its holdings in shares of Jefferies Financial Group by 185.5% during the 2nd quarter. Captrust Financial Advisors now owns 2,284 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,484 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Jefferies Financial Group during the 1st quarter worth approximately $101,000. Advisor Group Inc. increased its holdings in shares of Jefferies Financial Group by 6.5% during the 2nd quarter. Advisor Group Inc. now owns 8,425 shares of the financial services provider’s stock worth $161,000 after buying an additional 513 shares during the last quarter. Finally, Glassman Wealth Services increased its holdings in shares of Jefferies Financial Group by 427.5% during the 2nd quarter. Glassman Wealth Services now owns 9,643 shares of the financial services provider’s stock worth $185,000 after buying an additional 7,815 shares during the last quarter. Institutional investors and hedge funds own 71.00% of the company’s stock.
Shares of NYSE JEF opened at $20.65 on Friday. The company has a 50 day simple moving average of $19.41 and a 200-day simple moving average of $19.49. The company has a market capitalization of $5.94 billion, a P/E ratio of 25.50 and a beta of 1.45. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.37 and a quick ratio of 1.37. Jefferies Financial Group Inc has a 1 year low of $16.20 and a 1 year high of $23.77.
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.50 annualized dividend and a yield of 2.42%. Jefferies Financial Group’s dividend payout ratio (DPR) is presently 61.73%.
Separately, Keefe, Bruyette & Woods initiated coverage on shares of Jefferies Financial Group in a report on Thursday, July 11th. They set a “market perform” rating and a $23.00 price target for the company.
Jefferies Financial Group Profile
Jefferies Financial Group Inc, a financial services company, engages in investment banking and capital markets, asset management, and direct investing businesses in the Americas, Europe, and Asia. the company also offers equities research, sales, and trading services; equity finance services comprising financing, securities lending, and other prime brokerage services; and wealth management services to high net worth individuals, their families and businesses, private equity and venture funds, and small institutions.
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