707 Cayman (NASDAQ:JEM) Major Shareholder Financial Lp Hrt Sells 48,418 Shares

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt sold 48,418 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $0.60, for a total transaction of $29,050.80. Following the completion of the transaction, the insider directly owned 138,001 shares of the company’s stock, valued at approximately $82,800.60. This trade represents a 25.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, July 9th, Financial Lp Hrt acquired 125,911 shares of 707 Cayman stock. The shares were purchased at an average cost of $1.07 per share, with a total value of $134,724.77.
• On Thursday, July 9th, Financial Lp Hrt bought 10,492 shares of 707 Cayman stock. The stock was purchased at an average cost of $12.84 per share, for a total transaction 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 value 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 value of $126,921.60.
• On Tuesday, July 7th, Financial Lp Hrt acquired 11,439 shares of 707 Cayman stock. The stock was acquired at an average price of $16.32 per share, for a total transaction of $186,684.48.

707 Cayman Price Performance

Shares of NASDAQ JEM opened at $6.05 on Wednesday. The company’s 50-day moving average price is $21.03 and its 200 day moving average price is $27.14. 707 Cayman Holdings Limited has a 52 week low of $4.50 and a 52 week high of $1,620.00.

Analysts Set New Price Targets

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

Institutional Trading of 707 Cayman

A hedge fund recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new stake in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman as of its most recent SEC filing.

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.