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

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt acquired 137,268 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were acquired at an average price of $1.36 per share, with a total value of $186,684.48. Following the completion of the purchase, the insider owned 172,830 shares in the company, valued at approximately $235,048.80. This trade represents a 386.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 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 stock was sold at an average price of $1.13, for a total transaction of $126,923.86.

707 Cayman Trading Down 4.3%

Shares of 707 Cayman stock traded down $0.05 during trading on Thursday, hitting $1.12. 2,867,868 shares of the company’s stock were exchanged, compared to its average volume of 2,448,500. The business has a 50-day simple moving average of $1.80 and a 200-day simple moving average of $2.35. 707 Cayman Holdings Limited has a 52-week low of $1.00 and a 52-week high of $135.00.

Analyst Ratings Changes

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

Hedge Funds Weigh In On 707 Cayman

A hedge fund recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman at the end of the most recent quarter.

About 707 Cayman

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.