Jewett-Cameron Trading (NASDAQ:JCTC) Major Shareholder Acquires $23,111.80 in Stock

Jewett-Cameron Trading Company (NASDAQ:JCTC) major shareholder Ajb Investment Fund Ii, Lp bought 7,915 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were purchased at an average cost of $2.92 per share, for a total transaction of $23,111.80. Following the purchase, the insider owned 484,886 shares in the company, valued at $1,415,867.12. This represents a 1.66% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 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 Tuesday, September 8th, Ajb Investment Fund Ii, Lp bought 500 shares of Jewett-Cameron Trading stock. The shares were purchased at an average price of $2.90 per share, with a total value of $1,450.00.
• On Thursday, August 27th, Ajb Investment Fund Ii, Lp bought 2,327 shares of Jewett-Cameron Trading stock. The stock was purchased at an average cost of $2.90 per share, with a total value of $6,748.30.
• On Wednesday, August 26th, Ajb Investment Fund Ii, Lp purchased 209 shares of Jewett-Cameron Trading stock. The shares were acquired at an average price of $2.90 per share, for a total transaction of $606.10.
• On Tuesday, August 25th, Ajb Investment Fund Ii, Lp purchased 5,991 shares of Jewett-Cameron Trading stock. The shares were acquired at an average cost of $2.90 per share, for a total transaction of $17,373.90.
• On Monday, August 24th, Ajb Investment Fund Ii, Lp acquired 1,197 shares of Jewett-Cameron Trading stock. The stock was acquired at an average cost of $2.90 per share, with a total value of $3,471.30.
• On Friday, August 21st, Ajb Investment Fund Ii, Lp acquired 854 shares of Jewett-Cameron Trading stock. The stock was acquired at an average price of $2.90 per share, with a total value of $2,476.60.
• On Thursday, August 20th, Ajb Investment Fund Ii, Lp bought 10,043 shares of Jewett-Cameron Trading stock. The shares were acquired at an average cost of $2.90 per share, for a total transaction of $29,124.70.
• On Friday, August 14th, Ajb Investment Fund Ii, Lp bought 519 shares of Jewett-Cameron Trading stock. The shares were acquired at an average price of $2.90 per share, for a total transaction of $1,505.10.
• On Thursday, August 13th, Ajb Investment Fund Ii, Lp bought 15,457 shares of Jewett-Cameron Trading stock. The shares were acquired at an average price of $2.90 per share, for a total transaction of $44,825.30.
• On Wednesday, August 12th, Ajb Investment Fund Ii, Lp purchased 1,002 shares of Jewett-Cameron Trading stock. The stock was acquired at an average cost of $2.89 per share, with a total value of $2,895.78.

Jewett-Cameron Trading Trading Down 3.0%

Jewett-Cameron Trading stock opened at $2.93 on Friday. The firm has a market capitalization of $10.31 million, a P/E ratio of -1.25 and a beta of 0.36. Jewett-Cameron Trading Company has a twelve month low of $1.54 and a twelve month high of $3.82. The stock’s fifty day simple moving average is $2.80 and its 200-day simple moving average is $2.24.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new stake in Jewett-Cameron Trading during the third quarter worth approximately $77,000. Susquehanna International Group LLP purchased a new position in Jewett-Cameron Trading in the third quarter valued at approximately $54,000. Finally, DRW Securities LLC purchased a new position in Jewett-Cameron Trading in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Jewett-Cameron Trading has an average rating of “Sell”.

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.