Rialto Wealth Management LLC Invests $711,000 in Janus International Group, Inc.

Rialto Wealth Management LLC has made a significant investment in Janus International Group, Inc. (NYSE:JBI) by acquiring a new position in the fourth quarter. According to the latest Form 13F filed with the Securities and Exchange Commission, the fund purchased 96,680 shares of the company's stock, which is valued at approximately $711,000. This investment represents roughly 0.07% ownership of Janus International Group as noted in their recent SEC filing.

Several other hedge funds have also made changes to their positions in Janus International Group. Atria Investments Inc increased its stake by 13.4% during the third quarter, acquiring an additional 1,643 shares to reach a total of 13,889 shares worth around $140,000. US Bancorp DE raised its holdings significantly by 108.8% in the fourth quarter, now owning 5,601 shares valued at $41,000 after purchasing 2,918 more shares. KBC Group NV also lifted its holdings by 102.9% in the same period, owning 8,867 shares worth $65,000 after acquiring an additional 4,496 shares.

Moreover, Truvestments Capital LLC boosted its position by 16.3% in the third quarter, owning 40,950 shares valued at $414,000 after purchasing 5,741 shares. Wilmington Savings Fund Society FSB also grew its stake by 23.1% in the fourth quarter, now holding 31,004 shares worth around $228,000 after buying an additional 5,820 shares. Currently, hedge funds and institutional investors collectively own about 88.78% of Janus International Group's stock.

Janus International Group Stock Performance

On the trading day, Janus International Group's stock opened at $8.28. The stock has experienced a 52-week range, hitting a low of $6.68 and a high of $15.53. The 50-day moving average stands at $7.88, while the 200-day moving average is $8.60. Janus International Group has a quick ratio of 2.39, a current ratio of 2.80, and a debt-to-equity ratio of 1.11. The company boasts a market capitalization of $1.17 billion, a P/E ratio of 11.49, and a beta of 0.97.

About Janus International Group

Janus International Group, Inc. specializes in providing solutions for self-storage and commercial and industrial buildings both in North America and globally. The company manufactures a variety of products including roll-up and swing doors, hallway systems, and relocatable storage structures, among other services.

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