707 Cayman (NASDAQ:JEM) Major Shareholder Financial Lp Hrt Acquires 137,268 Shares

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt bought 137,268 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of $1.36 per share, with a total value of $186,684.48. Following the acquisition, the insider directly owned 172,830 shares of the company’s stock, valued at approximately $235,048.80. The trade was a 386.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 transaction of $126,923.86.

707 Cayman Price Performance

NASDAQ JEM opened at $1.12 on Friday. The business’s fifty day moving average is $1.80 and its 200 day moving average is $2.33. 707 Cayman Holdings Limited has a twelve month low of $1.00 and a twelve month high of $135.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman at the end of the most recent quarter.

Analyst Upgrades and Downgrades

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