Jeffs’ Brands Ltd (NASDAQ:JFBR – Get Free Report) major shareholder Jeffrey J. Conroy acquired 1,101,890 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average price of $0.36 per share, for a total transaction of $396,680.40. Following the acquisition, the insider now directly owns 2,432,000 shares in the company, valued at $875,520. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing 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.
Jeffs’ Brands Stock Performance
Shares of JFBR stock opened at $0.29 on Thursday. Jeffs’ Brands Ltd has a 52 week low of $0.17 and a 52 week high of $5.29. The company’s 50 day moving average price is $0.24 and its two-hundred day moving average price is $0.28.
Institutional Investors Weigh In On Jeffs’ Brands
A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP bought a new position in Jeffs’ Brands Ltd (NASDAQ:JFBR – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned 10.20% of Jeffs’ Brands at the end of the most recent quarter. 38.85% of the stock is currently owned by institutional investors and hedge funds.
About Jeffs’ Brands
Jeffs’ Brands Ltd, together with its subsidiaries, operates as an e-commerce company. It engages in the sale of various consumer products on Amazon online marketplace. The company offers knife-sharpening sets, sharpeners, and nonslip rubber bases under the KnifePlanet brand; steel and soft-tip dart sets under the CC-Exquisite brand; car door and sets protectors for pets under the PetEvo brand; and bag sets and party supply kits for children under the Whoobli brand.
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