Ajb Investment Fund Ii, Lp Buys 34,000 Shares of Jewett-Cameron Trading (NASDAQ:JCTC) Stock

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

Jewett-Cameron Trading Stock Performance

Shares of NASDAQ JCTC traded up $0.02 during trading hours on Wednesday, hitting $2.48. The company’s stock had a trading volume of 20,987 shares, compared to its average volume of 26,455. Jewett-Cameron Trading Company has a 12 month low of $1.54 and a 12 month high of $4.02. The stock has a market cap of $8.73 million, a price-to-earnings ratio of -1.08 and a beta of 0.36. The business has a 50-day simple moving average of $2.12 and a 200-day simple moving average of $2.00.

Jewett-Cameron Trading (NASDAQ:JCTC) last released its quarterly earnings data on Monday, April 13th. The company reported ($0.35) earnings per share for the quarter. The business had revenue of $10.54 million during the quarter. Jewett-Cameron Trading had a negative return on equity of 33.33% and a negative net margin of 19.19%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Jewett-Cameron Trading 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, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Jewett-Cameron Trading

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in shares of Jewett-Cameron Trading during the 3rd quarter worth approximately $77,000. Susquehanna International Group LLP purchased a new stake in Jewett-Cameron Trading in the third quarter worth $54,000. Finally, DRW Securities LLC bought a new position in Jewett-Cameron Trading in the fourth quarter worth $44,000. 26.05% of the stock is currently owned by hedge funds and other institutional investors.

About Jewett-Cameron Trading

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.