Parthenon LLC Trims Stock Position in Jewett-Cameron Trading Company Ltd (NASDAQ:JCTCF)

Parthenon LLC lessened its stake in shares of Jewett-Cameron Trading Company Ltd (NASDAQ:JCTCF) by 11.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,057 shares of the company’s stock after selling 20,751 shares during the quarter. Parthenon LLC owned about 4.00% of Jewett-Cameron Trading worth $1,320,000 at the end of the most recent reporting period.

Separately, Riverview Trust Co purchased a new stake in Jewett-Cameron Trading in the 2nd quarter valued at $9,475,000. Institutional investors and hedge funds own 48.61% of the company’s stock.

JCTCF traded up $0.02 during trading on Friday, hitting $7.78. The stock had a trading volume of 7,678 shares, compared to its average volume of 4,380. The company has a market capitalization of $31.20 million, a price-to-earnings ratio of 13.07 and a beta of 0.43. The business has a 50-day moving average of $8.38. Jewett-Cameron Trading Company Ltd has a twelve month low of $6.23 and a twelve month high of $10.00.

Jewett-Cameron Trading (NASDAQ:JCTCF) last announced its quarterly earnings data on Monday, July 15th. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $16.69 million for the quarter. Jewett-Cameron Trading had a net margin of 5.55% and a return on equity of 11.94%.

In other news, insider Michael Charles Nasser sold 8,000 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $8.43, for a total transaction of $67,440.00. Following the transaction, the insider now directly owns 348,844 shares of the company’s stock, valued at approximately $2,940,754.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 28,687 shares of company stock worth $241,507 over the last three months. 40.80% of the stock is currently owned by corporate insiders.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd., through its subsidiaries, manufactures and distributes specialty metal products; and distributes wood products to home centers and other retailers primarily in the United States. The company operates through four segments: Industrial Wood Products; Lawn, Garden, Pet and Other; Seed Processing and Sales; and Industrial Tools and Clamps.

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