Insider Selling: Jewett-Cameron Trading (NASDAQ:JCTC) Major Shareholder Sells 18,267 Shares

Jewett-Cameron Trading Company (NASDAQ:JCTC) major shareholder Community Foundation Oregon sold 18,267 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $2.50, for a total value of $45,667.50. Following the sale, the insider owned 745,267 shares of the company’s stock, valued at approximately $1,863,167.50. The trade was a 2.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Community Foundation Oregon also recently made the following trade(s):

• On Wednesday, July 8th, Community Foundation Oregon sold 1,451 shares of Jewett-Cameron Trading stock. The shares were sold at an average price of $2.51, for a total transaction of $3,642.01.

Jewett-Cameron Trading Stock Performance

JCTC stock traded up $0.02 during midday trading on Wednesday, reaching $2.48. 20,987 shares of the company were exchanged, compared to its average volume of 25,895. The company has a market cap of $8.73 million, a price-to-earnings ratio of -1.08 and a beta of 0.36. Jewett-Cameron Trading Company has a 1-year low of $1.54 and a 1-year high of $4.02. The stock’s 50-day simple moving average is $2.13 and its 200 day simple moving average is $2.00.

Jewett-Cameron Trading (NASDAQ:JCTC) last issued its earnings results on Monday, April 13th. The company reported ($0.35) earnings per share (EPS) for the quarter. The company had revenue of $10.54 million during the quarter. Jewett-Cameron Trading had a negative net margin of 19.19% and a negative return on equity of 33.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in Jewett-Cameron Trading during the 3rd quarter worth approximately $77,000. DRW Securities LLC purchased a new position in shares of Jewett-Cameron Trading in the 4th quarter valued at approximately $44,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Jewett-Cameron Trading in the third quarter valued at approximately $54,000. 26.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Jewett-Cameron Trading has a consensus 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.