Key Points
- Major shareholder Ajb Investment Fund II purchased 10,043 Jewett-Cameron Trading shares at $2.90 each, spending $29,124.70 and increasing its ownership by 2.2% to 466,393 shares.
- The fund has made multiple additional purchases since late July, signaling continued buying activity as the stock rose from prices as low as $2.45 to $2.94.
- Despite the buying, Jewett-Cameron reported a quarterly loss of $0.23 per share, a negative net margin of 20.94%, and carries a consensus Sell rating from analysts.
Jewett-Cameron Trading Company (NASDAQ:JCTC - Get Free Report) major shareholder Ajb Investment Fund Ii, Lp purchased 10,043 shares of the stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of $2.90 per share, for a total transaction of $29,124.70. Following the acquisition, the insider directly owned 466,393 shares in the company, valued at approximately $1,352,539.70. This trade represents a 2.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Friday, August 21st, Ajb Investment Fund Ii, Lp acquired 854 shares of Jewett-Cameron Trading stock. The stock was acquired at an average price of $2.90 per share, with a total value of $2,476.60.
- On Friday, August 14th, Ajb Investment Fund Ii, Lp acquired 519 shares of Jewett-Cameron Trading stock. The shares were acquired at an average cost of $2.90 per share, with a total value of $1,505.10.
- On Thursday, August 13th, Ajb Investment Fund Ii, Lp bought 15,457 shares of Jewett-Cameron Trading stock. The shares were acquired at an average price of $2.90 per share, for a total transaction of $44,825.30.
- On Wednesday, August 12th, Ajb Investment Fund Ii, Lp bought 1,002 shares of Jewett-Cameron Trading stock. The stock was acquired at an average cost of $2.89 per share, for a total transaction of $2,895.78.
- On Thursday, August 6th, Ajb Investment Fund Ii, Lp purchased 428 shares of Jewett-Cameron Trading stock. The stock was acquired 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 shares were acquired at an average price of $2.77 per share, with a total value of $8,681.18.
- On Thursday, July 30th, Ajb Investment Fund Ii, Lp purchased 3,700 shares of Jewett-Cameron Trading stock. The shares were acquired at an average price of $2.60 per share, with a total value 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 bought at an average cost of $2.45 per share, with a total value of $3,307.50.
- On Friday, July 24th, Ajb Investment Fund Ii, Lp bought 1,024 shares of Jewett-Cameron Trading stock. The shares were bought at an average price of $2.52 per share, with a total value of $2,580.48.
Jewett-Cameron Trading Price Performance
Shares of NASDAQ:JCTC opened at $2.94 on Friday. The business's fifty day moving average price is $2.60 and its two-hundred day moving average price is $2.13. Jewett-Cameron Trading Company has a fifty-two week low of $1.54 and a fifty-two week high of $3.95. The stock has a market capitalization of $10.35 million, a price-to-earnings ratio of -1.25 and a beta of 0.34.
Jewett-Cameron Trading (NASDAQ:JCTC - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company 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 shares of Jewett-Cameron Trading from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".
Check Out Our Latest Stock Report on JCTC
Hedge Funds Weigh In On Jewett-Cameron Trading
A number of institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new position in shares of Jewett-Cameron Trading during the third quarter worth approximately $54,000. DRW Securities LLC acquired a new stake in shares of Jewett-Cameron Trading in the fourth quarter valued at approximately $44,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Jewett-Cameron Trading in the third quarter valued at approximately $77,000. 26.05% of the stock is owned by institutional investors.
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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