Jewett-Cameron Trading (NASDAQ:JCTC) Major Shareholder Acquires $28,319.84 in Stock

Jewett-Cameron Trading Company (NASDAQ:JCTC) major shareholder Ajb Investment Fund Ii, Lp bought 10,768 shares of the business’s stock in a transaction on Tuesday, July 14th. The shares were bought at an average cost of $2.63 per share, for a total transaction of $28,319.84. Following the completion of the acquisition, the insider directly owned 428,158 shares in the company, valued at approximately $1,126,055.54. This trade represents a 2.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ajb Investment Fund Ii, Lp also recently made the following trade(s):

• On Monday, July 13th, Ajb Investment Fund Ii, Lp purchased 986 shares of Jewett-Cameron Trading stock. The stock was bought at an average cost of $2.56 per share, with a total value of $2,524.16.
• On Wednesday, July 8th, Ajb Investment Fund Ii, Lp acquired 388 shares of Jewett-Cameron Trading stock. The shares were bought at an average price of $2.48 per share, with a total value of $962.24.
• On Tuesday, July 7th, Ajb Investment Fund Ii, Lp acquired 34,000 shares of Jewett-Cameron Trading stock. The stock was bought at an average cost of $2.51 per share, for a total transaction of $85,340.00.

Jewett-Cameron Trading Stock Performance

JCTC stock traded up $0.09 during trading on Tuesday, hitting $2.65. The company had a trading volume of 27,242 shares, compared to its average volume of 21,415. The business has a 50-day moving average of $2.18 and a 200-day moving average of $2.01. Jewett-Cameron Trading Company has a one year low of $1.54 and a one year high of $4.02.

Jewett-Cameron Trading (NASDAQ:JCTC) last released its quarterly earnings results on Tuesday, July 14th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $9.85 million for the quarter. Jewett-Cameron Trading had a negative return on equity of 33.33% and a negative net margin of 19.19%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Jewett-Cameron Trading presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Jewett-Cameron Trading

Large investors have recently bought and sold shares of the business. DRW Securities LLC acquired a new position in shares of Jewett-Cameron Trading during the fourth quarter worth about $44,000. Susquehanna International Group LLP acquired a new position in shares of Jewett-Cameron Trading during the third quarter worth $54,000. Finally, Citadel Advisors LLC purchased a new position in shares of Jewett-Cameron Trading in the third quarter valued at $77,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.