Jewett-Cameron Trading (NASDAQ:JCTC) Major Shareholder Acquires $85,340.00 in Stock

Jewett-Cameron Trading Company (NASDAQ:JCTC) major shareholder Ajb Investment Fund Ii, Lp purchased 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of $2.51 per share, with a total value of $85,340.00. Following the completion of the purchase, the insider owned 416,016 shares in the company, valued at $1,044,200.16. This represents a 8.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, July 8th, Ajb Investment Fund Ii, Lp purchased 388 shares of Jewett-Cameron Trading stock. The shares were acquired at an average cost of $2.48 per share, with a total value of $962.24.

Jewett-Cameron Trading Price Performance

NASDAQ:JCTC traded up $0.02 during mid-day trading on Wednesday, hitting $2.48. 20,987 shares of the company’s stock were exchanged, compared to its average volume of 26,455. The company has a market cap of $8.73 million, a PE ratio of -1.08 and a beta of 0.36. Jewett-Cameron Trading Company has a one year low of $1.54 and a one year high of $4.02. The business has a fifty day moving average price of $2.12 and a 200 day moving average price of $2.00.

Jewett-Cameron Trading (NASDAQ:JCTC) last announced its earnings results on Monday, April 13th. The company reported ($0.35) earnings per share for the quarter. Jewett-Cameron Trading had a negative net margin of 19.19% and a negative return on equity of 33.33%. The business had revenue of $10.54 million for the quarter.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. DRW Securities LLC purchased a new stake in shares of Jewett-Cameron Trading during the fourth quarter valued at approximately $44,000. Susquehanna International Group LLP purchased a new position in Jewett-Cameron Trading in the 3rd quarter worth approximately $54,000. Finally, Citadel Advisors LLC purchased a new position in Jewett-Cameron Trading in the 3rd quarter worth approximately $77,000. Institutional investors own 26.05% of the company’s stock.

Jewett-Cameron Trading Company Profile

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.