Financial Lp Hrt Buys 137,268 Shares of 707 Cayman (NASDAQ:JEM) Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt acquired 137,268 shares of the stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of $1.36 per share, with a total value of $186,684.48. Following the transaction, the insider directly owned 172,830 shares in the company, valued at approximately $235,048.80. This represents a 386.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 8th, Financial Lp Hrt sold 112,322 shares of 707 Cayman stock. The shares were sold at an average price of $1.13, for a total value of $126,923.86.

707 Cayman Trading Down 4.3%

707 Cayman stock traded down $0.05 during midday trading on Thursday, reaching $1.12. The company’s stock had a trading volume of 2,867,868 shares, compared to its average volume of 2,448,500. The stock’s 50-day simple moving average is $1.80 and its 200-day simple moving average is $2.35. 707 Cayman Holdings Limited has a 52-week low of $1.00 and a 52-week high of $135.00.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.