Jewett-Cameron Trading (NASDAQ:JCTC) Major Shareholder Ajb Investment Fund Ii, Lp Purchases 34,000 Shares

Jewett-Cameron Trading Company (NASDAQ:JCTC) major shareholder Ajb Investment Fund Ii, Lp acquired 34,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average price of $2.51 per share, for a total transaction of $85,340.00. Following the completion of the purchase, the insider directly owned 416,016 shares of the company’s stock, valued at $1,044,200.16. This trade represents a 8.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Wednesday, July 8th, Ajb Investment Fund Ii, Lp acquired 388 shares of Jewett-Cameron Trading stock. The shares were acquired at an average cost of $2.48 per share, with a total value of $962.24.

Jewett-Cameron Trading Stock Up 0.8%

Shares of NASDAQ:JCTC opened at $2.48 on Thursday. The business has a 50 day moving average price of $2.13 and a 200 day moving average price of $2.00. Jewett-Cameron Trading Company has a twelve month low of $1.54 and a twelve month high of $4.02. The company has a market cap of $8.73 million, a price-to-earnings ratio of -1.08 and a beta of 0.36.

Jewett-Cameron Trading (NASDAQ:JCTC) last released its earnings results on Monday, April 13th. The company reported ($0.35) earnings per share (EPS) for the quarter. The business had revenue of $10.54 million during 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

Several hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in Jewett-Cameron Trading during the third quarter worth about $77,000. DRW Securities LLC acquired a new position in Jewett-Cameron Trading in the 4th quarter valued at approximately $44,000. Finally, Susquehanna International Group LLP acquired a new position in Jewett-Cameron Trading in the 3rd quarter valued at approximately $54,000. Institutional investors own 26.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Jewett-Cameron Trading Company Profile

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.