Jane Street Group LLC Makes New $79,000 Investment in Worksport Ltd. (NASDAQ:WKSP)

Jane Street Group LLC purchased a new stake in Worksport Ltd. (NASDAQ:WKSP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 86,234 shares of the company’s stock, valued at approximately $79,000. Jane Street Group LLC owned approximately 0.26% of Worksport as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in Worksport in the fourth quarter valued at approximately $397,000. Virtu Financial LLC bought a new position in shares of Worksport in the 4th quarter worth $73,000. Two Sigma Securities LLC raised its position in shares of Worksport by 483.7% during the 4th quarter. Two Sigma Securities LLC now owns 91,564 shares of the company’s stock valued at $84,000 after buying an additional 75,878 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Worksport by 15.6% during the 4th quarter. Geode Capital Management LLC now owns 273,419 shares of the company’s stock worth $252,000 after acquiring an additional 36,847 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Worksport by 136.1% during the 4th quarter. Northern Trust Corp now owns 39,612 shares of the company’s stock worth $36,000 after acquiring an additional 22,832 shares during the last quarter. Institutional investors own 16.11% of the company’s stock.

Worksport Stock Up 6.6%

Shares of NASDAQ:WKSP opened at $3.24 on Monday. The stock has a market capitalization of $16.85 million, a P/E ratio of -4.91 and a beta of 2.00. The stock’s 50-day moving average price is $2.98 and its 200-day moving average price is $5.92. The company has a current ratio of 2.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Worksport Ltd. has a 12-month low of $2.44 and a 12-month high of $12.00.

Worksport (NASDAQ:WKSP) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($1.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($1.05). The business had revenue of $2.24 million for the quarter, compared to analyst estimates of $3.72 million. Worksport had a negative return on equity of 85.53% and a negative net margin of 242.68%. On average, equities analysts anticipate that Worksport Ltd. will post -0.6 earnings per share for the current year.

Analysts Set New Price Targets

WKSP has been the topic of a number of research reports. HC Wainwright restated a “buy” rating and set a $11.50 price target on shares of Worksport in a research report on Friday, May 16th. Maxim Group reduced their price objective on Worksport from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, May 20th. Industrial Alliance Securities set a $17.50 target price on Worksport in a research report on Monday, March 3rd. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Worksport in a research note on Tuesday, March 18th.

Worksport Company Profile

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.