Key Points
- Major shareholder Ajb Investment Fund II, L.P. bought 10,768 shares of Jewett-Cameron Trading at $2.63 each, spending $28,319.84. The purchase lifted its direct holdings to 428,158 shares, a 2.58% increase in ownership.
- The insider has been actively buying JCTC shares in recent days, including a much larger 34,000-share purchase on July 7, followed by additional buys on July 8 and July 13. This suggests continued insider accumulation despite the stock’s small size and recent volatility.
- Jewett-Cameron Trading most recently reported a loss of $0.23 per share for the quarter on revenue of $9.85 million. The stock was trading around $2.65, near the low end of its 52-week range, and analysts currently maintain a Sell consensus rating.
Jewett-Cameron Trading Company (NASDAQ:JCTC - Get Free Report) major shareholder Ajb Investment Fund Ii, Lp acquired 10,768 shares of the stock in a transaction dated Tuesday, July 14th. The stock was acquired at an average price of $2.63 per share, for a total transaction of $28,319.84. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Ajb Investment Fund Ii, Lp also recently made the following trade(s):
- On Monday, July 13th, Ajb Investment Fund Ii, Lp bought 986 shares of Jewett-Cameron Trading stock. The shares were acquired 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 shares were acquired 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 bought 34,000 shares of Jewett-Cameron Trading stock. The shares were acquired at an average cost of $2.51 per share, with a total value of $85,340.00.
Jewett-Cameron Trading Trading Up 3.5%
JCTC opened at $2.65 on Wednesday. Jewett-Cameron Trading Company has a 1-year low of $1.54 and a 1-year high of $4.02. The company has a market capitalization of $9.33 million, a PE ratio of -1.15 and a beta of 0.36. The firm's 50 day simple moving average is $2.18 and its two-hundred day simple moving average is $2.01.
Jewett-Cameron Trading (NASDAQ:JCTC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported ($0.23) earnings per share for the quarter. Jewett-Cameron Trading had a negative return on equity of 33.33% and a negative net margin of 19.19%.The business had revenue of $9.85 million for the quarter.
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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Jewett-Cameron Trading has a consensus rating of "Sell".
Get Our Latest Analysis on JCTC
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. DRW Securities LLC bought a new stake in Jewett-Cameron Trading during the fourth quarter valued at about $44,000. Susquehanna International Group LLP purchased a new position in shares of Jewett-Cameron Trading in the third quarter valued at about $54,000. Finally, Citadel Advisors LLC bought a new position in shares of Jewett-Cameron Trading in the third quarter worth about $77,000. Institutional investors own 26.05% of the company's stock.
About Jewett-Cameron Trading
(
Get Free Report)
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.
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