Key Points
- Major shareholder buying: Ajb Investment Fund II purchased 15,457 Jewett-Cameron Trading shares at an average $2.90 each, spending $44,825.30 and increasing its stake 3.51% to 455,831 shares. The fund has also made multiple additional purchases since mid-July.
- Stock performance and financials: JCTC opened at $2.91, with a $10.24 million market capitalization, while trading above its 50-day and 200-day moving averages. The company reported a quarterly loss of $0.23 per share on $9.85 million in revenue, alongside negative profitability metrics.
- Analyst sentiment remains negative: Weiss Ratings upgraded the stock’s rating from “sell (e+)” to “sell (d-),” and the sole covering analyst maintains a Sell rating. Institutional investors own approximately 26.05% of the company.
Jewett-Cameron Trading Company (NASDAQ:JCTC - Get Free Report) major shareholder Ajb Investment Fund Ii, Lp bought 15,457 shares of Jewett-Cameron Trading stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $2.90 per share, for a total transaction of $44,825.30. Following the purchase, the insider owned 455,831 shares in the company, valued at $1,321,909.90. This represents a 3.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more 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 Friday, August 14th, Ajb Investment Fund Ii, Lp bought 519 shares of Jewett-Cameron Trading stock. The shares were bought at an average price of $2.90 per share, for a total transaction of $1,505.10.
- On Wednesday, August 12th, Ajb Investment Fund Ii, Lp purchased 1,002 shares of Jewett-Cameron Trading stock. The shares were bought at an average cost of $2.89 per share, with a total value of $2,895.78.
- On Thursday, August 6th, Ajb Investment Fund Ii, Lp purchased 428 shares of Jewett-Cameron Trading stock. The stock was bought at an average cost of $2.80 per share, with a total value of $1,198.40.
- On Wednesday, August 5th, Ajb Investment Fund Ii, Lp purchased 3,134 shares of Jewett-Cameron Trading stock. The stock was bought at an average cost of $2.77 per share, with a total value of $8,681.18.
- On Thursday, July 30th, Ajb Investment Fund Ii, Lp acquired 3,700 shares of Jewett-Cameron Trading stock. The stock was bought at an average price of $2.60 per share, for a total transaction of $9,620.00.
- On Wednesday, July 29th, Ajb Investment Fund Ii, Lp acquired 1,578 shares of Jewett-Cameron Trading stock. The stock was bought at an average price of $2.53 per share, for a total transaction of $3,992.34.
- On Tuesday, July 21st, Ajb Investment Fund Ii, Lp bought 1,350 shares of Jewett-Cameron Trading stock. The stock was purchased at an average price of $2.45 per share, for a total transaction of $3,307.50.
- On Friday, July 24th, Ajb Investment Fund Ii, Lp purchased 1,024 shares of Jewett-Cameron Trading stock. The shares were purchased at an average cost of $2.52 per share, for a total transaction of $2,580.48.
- On Tuesday, July 14th, Ajb Investment Fund Ii, Lp purchased 10,768 shares of Jewett-Cameron Trading stock. The shares were purchased at an average price of $2.63 per share, with a total value of $28,319.84.
- On Monday, July 13th, Ajb Investment Fund Ii, Lp purchased 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.
Jewett-Cameron Trading Price Performance
NASDAQ:JCTC opened at $2.91 on Friday. The firm has a market cap of $10.24 million, a PE ratio of -1.24 and a beta of 0.34. The firm has a 50 day simple moving average of $2.49 and a 200-day simple moving average of $2.10. Jewett-Cameron Trading Company has a 1-year low of $1.54 and a 1-year high of $3.95.
Jewett-Cameron Trading (NASDAQ:JCTC - Get Free Report) last announced its 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 38.35% and a negative net margin of 20.94%.
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 Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".
View Our Latest Stock Report on Jewett-Cameron Trading
Institutional Investors Weigh In On Jewett-Cameron Trading
Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in Jewett-Cameron Trading during the third quarter worth approximately $77,000. Susquehanna International Group LLP purchased a new stake in shares of Jewett-Cameron Trading during the 3rd quarter valued at $54,000. Finally, DRW Securities LLC purchased a new stake in shares of Jewett-Cameron Trading during the 4th quarter valued at $44,000. 26.05% of the stock is currently owned by hedge funds and other institutional investors.
Jewett-Cameron Trading Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
