Financial Lp Hrt Sells 112,322 Shares of 707 Cayman (NASDAQ:JEM) Stock

707 Cayman Holdings Limited (NASDAQ:JEM) major shareholder Financial Lp Hrt sold 112,322 shares of 707 Cayman stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $1.13, for a total transaction of $126,923.86. Following the sale, the insider owned 60,508 shares of the company’s stock, valued at approximately $68,374.04. The trade was a 64.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, July 7th, Financial Lp Hrt acquired 137,268 shares of 707 Cayman stock. The stock was acquired at an average cost of $1.36 per share, for a total transaction of $186,684.48.

707 Cayman Stock Down 4.3%

Shares of NASDAQ:JEM traded down $0.05 during midday trading on Thursday, reaching $1.12. The company’s stock had a trading volume of 2,867,868 shares, compared to its average volume of 2,448,500. 707 Cayman Holdings Limited has a twelve month low of $1.00 and a twelve month high of $135.00. The stock has a fifty day moving average of $1.80 and a 200 day moving average of $2.35.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.