Insider Buying: Jewett-Cameron Trading (NASDAQ:JCTC) Major Shareholder Buys $41,650.00 in Stock

Jewett-Cameron Trading Company (NASDAQ:JCTC) major shareholder Melinda Hodges Bradley purchased 17,500 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $2.38 per share, for a total transaction of $41,650.00. Following the completion of the acquisition, the insider directly owned 371,007 shares in the company, valued at approximately $882,996.66. This trade represents a 4.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Melinda Hodges Bradley also recently made the following trade(s):

• On Monday, June 29th, Melinda Hodges Bradley purchased 201 shares of Jewett-Cameron Trading stock. The stock was purchased at an average price of $2.28 per share, for a total transaction of $458.28.
• On Friday, June 26th, Melinda Hodges Bradley acquired 82 shares of Jewett-Cameron Trading stock. The stock was purchased at an average cost of $2.21 per share, with a total value of $181.22.

Jewett-Cameron Trading Stock Performance

Jewett-Cameron Trading stock opened at $2.56 on Friday. The stock has a market cap of $9.01 million, a PE ratio of -1.11 and a beta of 0.36. Jewett-Cameron Trading Company has a one year low of $1.54 and a one year high of $4.02. The stock has a fifty day moving average of $2.10 and a 200 day moving average of $2.00.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its earnings results on Monday, April 13th. The company reported ($0.35) earnings per share for the quarter. The firm 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%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Jewett-Cameron Trading

Several hedge funds and other institutional investors have recently modified their holdings of JCTC. DRW Securities LLC bought a new position in Jewett-Cameron Trading in the 4th quarter worth $44,000. Susquehanna International Group LLP bought a new stake in Jewett-Cameron Trading during the third quarter valued at about $54,000. Finally, Citadel Advisors LLC bought a new stake in Jewett-Cameron Trading during the third quarter valued at about $77,000. 26.05% of the stock is currently owned by hedge funds and other institutional investors.

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.