Remarkable stock to investors watchlist: Jernigan Capital, Inc. (NYSE: JCAP)

      

Posted By - Jayne Garner

On Thursday Jernigan Capital, Inc. (NYSE: JCAP) has shown downward move of -0.43% and ended the last trade at $20.74. The trading volume was recorded to 83,299 shares as compared to average traded volume of 128,685 shares.

Jernigan Capital, Inc. (NYSE: JCAP), recently reported results for the quarter ended March 31, 2019.

Earnings per share and adjusted earnings per share for the three months ended March 31, 2019 were $0.35 and $0.52, respectively, which are each $0.13 above the high end of the Company’s guidance range provided in the Company’s fourth quarter 2018 earnings release.

Net income attributable to ordinary stockholders for the three months ended March 31, 2019 was $7.1M, or $0.35 per share, and adjusted earnings were $10.6M, or $0.52 per share, representing increases of $5.3M, or 303%, and $5.4M, or 103%, over the $1.8M and $5.2M of earnings and adjusted earnings, respectively, stated for the first quarter of 2018.

Total revenues for the three months ended March 31, 2019 were $9.9M, representing a raise of $4.7M, or 89% over revenues for the comparable period in 2018. The increase in revenues is primarily attributed to the increase in the outstanding principal balances on the Company’s investment portfolio.

General and administrative expenses, not including fees to the manager, for the three months ended March 31, 2019 and 2018 were $1.8M. Included in these amounts were stock-based compensation expense of $0.3M for the three months ended March 31, 2019 and 2018.

Net income attributable to ordinary stockholders and adjusted earnings for the quarter ended March 31, 2019 also includes increases in the fair value of investments of $8.8M contrast to increases of $4.3M for the comparable period in 2018. This represents a $4.5M, or 104%, year-over-year increase from the quarter ended March 31, 2018.