Jewett-Cameron Trading (NASDAQ:JCTC) Major Shareholder Acquires $28,319.84 in Stock

Jewett-Cameron Trading Company (NASDAQ:JCTC) major shareholder Ajb Investment Fund Ii, Lp bought 10,768 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The stock was purchased at an average cost of $2.63 per share, for a total transaction of $28,319.84. Following the completion of the purchase, the insider owned 428,158 shares of the company’s stock, valued at $1,126,055.54. This trade represents a 2.58% increase in their ownership of the stock. The purchase 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 shares are required to disclose their sales and purchases with the SEC.

Ajb Investment Fund Ii, Lp also recently made the following trade(s):

• On Monday, July 13th, Ajb Investment Fund Ii, Lp purchased 986 shares of Jewett-Cameron Trading stock. The shares were purchased at an average price of $2.56 per share, with a total value of $2,524.16.
• On Wednesday, July 8th, Ajb Investment Fund Ii, Lp purchased 388 shares of Jewett-Cameron Trading stock. The shares were purchased at an average cost of $2.48 per share, with a total value of $962.24.
• On Tuesday, July 7th, Ajb Investment Fund Ii, Lp purchased 34,000 shares of Jewett-Cameron Trading stock. The shares were purchased at an average cost of $2.51 per share, with a total value of $85,340.00.

Jewett-Cameron Trading Stock Up 3.7%

Shares of Jewett-Cameron Trading stock opened at $2.79 on Friday. The firm has a market cap of $9.82 million, a PE ratio of -1.19 and a beta of 0.36. Jewett-Cameron Trading Company has a 12-month low of $1.54 and a 12-month high of $4.02. The company’s fifty day simple moving average is $2.21 and its two-hundred day simple moving average is $2.02.

Jewett-Cameron Trading (NASDAQ:JCTC) last released its quarterly earnings data on Tuesday, July 14th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $9.85 million during the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Jewett-Cameron Trading

Large investors have recently added to or reduced their stakes in the stock. DRW Securities LLC purchased a new position in Jewett-Cameron Trading during the 4th quarter valued at $44,000. Susquehanna International Group LLP purchased a new stake in shares of Jewett-Cameron Trading in the 3rd quarter worth about $54,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Jewett-Cameron Trading in the 3rd quarter worth about $77,000. Institutional investors own 26.05% of the company’s stock.

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.