Jewett-Cameron Trading (NASDAQ:JCTC) Major Shareholder Ajb Investment Fund Ii, Lp Buys 10,768 Shares of Stock

Jewett-Cameron Trading Company (NASDAQ:JCTC) major shareholder Ajb Investment Fund Ii, Lp acquired 10,768 shares of the business’s stock in a transaction that occurred on Tuesday, July 14th. The shares were purchased at an average cost of $2.63 per share, for a total transaction of $28,319.84. Following the completion of the transaction, the insider directly owned 428,158 shares in the company, valued at $1,126,055.54. The trade was a 2.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares 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 acquired 986 shares of Jewett-Cameron Trading stock. The shares were purchased at an average price of $2.56 per share, with a total value of $2,524.16.
• On Wednesday, July 8th, Ajb Investment Fund Ii, Lp bought 388 shares of Jewett-Cameron Trading stock. The stock was purchased at an average cost of $2.48 per share, with a total value of $962.24.
• On Tuesday, July 7th, Ajb Investment Fund Ii, Lp bought 34,000 shares of Jewett-Cameron Trading stock. The stock was purchased at an average cost of $2.51 per share, with a total value of $85,340.00.

Jewett-Cameron Trading Stock Performance

Shares of NASDAQ JCTC opened at $2.65 on Wednesday. The firm’s 50 day moving average price is $2.18 and its 200-day moving average price is $2.01. Jewett-Cameron Trading Company has a 52-week low of $1.54 and a 52-week high of $4.02. The company has a market cap of $9.33 million, a PE ratio of -1.15 and a beta of 0.36.

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

Institutional Investors Weigh In On Jewett-Cameron Trading

Hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in shares of Jewett-Cameron Trading in the 3rd quarter worth $77,000. DRW Securities LLC purchased a new stake in Jewett-Cameron Trading during the fourth quarter valued at $44,000. Finally, Susquehanna International Group LLP bought a new position in Jewett-Cameron Trading in the third quarter valued at about $54,000. 26.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.