Ajb Investment Fund Ii, Lp Acquires 10,768 Shares of Jewett-Cameron Trading (NASDAQ:JCTC) Stock

Jewett-Cameron Trading Company (NASDAQ:JCTC) major shareholder Ajb Investment Fund Ii, Lp bought 10,768 shares of the stock in a transaction that occurred on Tuesday, July 14th. The stock was acquired at an average cost of $2.63 per share, for a total transaction of $28,319.84. Following 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock 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 acquired 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 acquired 388 shares of Jewett-Cameron Trading stock. The shares were bought at an average cost of $2.48 per share, for a total transaction of $962.24.
• On Tuesday, July 7th, Ajb Investment Fund Ii, Lp acquired 34,000 shares of Jewett-Cameron Trading stock. The shares were bought at an average cost of $2.51 per share, for a total transaction of $85,340.00.

Jewett-Cameron Trading Trading Up 1.5%

JCTC stock opened at $2.69 on Thursday. Jewett-Cameron Trading Company has a 1-year low of $1.54 and a 1-year high of $4.02. The business’s 50 day moving average is $2.19 and its 200-day moving average is $2.01. The firm has a market cap of $9.47 million, a P/E ratio of -1.14 and a beta of 0.36.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its earnings results on Tuesday, July 14th. The company reported ($0.23) EPS for the quarter. Jewett-Cameron Trading had a negative return on equity of 36.74% and a negative net margin of 20.94%.The company had revenue of $9.85 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 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, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in shares of Jewett-Cameron Trading during the third quarter valued at $77,000. DRW Securities LLC bought a new position in Jewett-Cameron Trading in the fourth quarter valued at about $44,000. Finally, Susquehanna International Group LLP acquired a new stake in Jewett-Cameron Trading in the third quarter worth about $54,000. 26.05% of the stock is currently owned by 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.