707 Cayman (NASDAQ:JEM) Major Shareholder Financial Lp Hrt Buys 125,911 Shares

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt acquired 125,911 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was purchased at an average price of $1.07 per share, for a total transaction of $134,724.77. Following the completion of the purchase, the insider directly owned 186,419 shares in the company, valued at $199,468.33. This trade represents a 208.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Friday, July 10th, Financial Lp Hrt sold 48,418 shares of 707 Cayman stock. The stock was sold at an average price of $0.60, for a total transaction of $29,050.80.
• On Thursday, July 9th, Financial Lp Hrt bought 10,492 shares of 707 Cayman stock. The stock was acquired at an average price of $12.84 per share, with a total value of $134,717.28.
• On Friday, July 10th, Financial Lp Hrt sold 4,034 shares of 707 Cayman stock. The shares were sold at an average price of $7.20, for a total transaction of $29,044.80.
• On Wednesday, July 8th, Financial Lp Hrt sold 9,360 shares of 707 Cayman stock. The shares were sold at an average price of $13.56, for a total transaction of $126,921.60.
• On Tuesday, July 7th, Financial Lp Hrt purchased 11,439 shares of 707 Cayman stock. The shares were acquired at an average price of $16.32 per share, for a total transaction of $186,684.48.

707 Cayman Stock Down 7.0%

JEM opened at $0.50 on Tuesday. The company has a 50 day moving average of $1.77 and a 200 day moving average of $2.28. 707 Cayman Holdings Limited has a 12 month low of $0.38 and a 12 month high of $135.00.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On 707 Cayman

An institutional investor recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman at the end of the most recent reporting period.

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.