Insider Buying: Jeffs’ Brands Ltd (NASDAQ:JFBR) Major Shareholder Buys 1,101,890 Shares of Stock

Jeffs’ Brands Ltd (NASDAQ:JFBR) major shareholder Jeffrey J. Conroy acquired 1,101,890 shares of the stock in a transaction dated Monday, September 23rd. The stock was acquired at an average price of $0.36 per share, for a total transaction of $396,680.40. Following the completion of the acquisition, the insider now directly owns 2,432,000 shares of the company’s stock, valued at $875,520. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Jeffs’ Brands Stock Up 5.8 %

Jeffs’ Brands stock opened at $0.29 on Thursday. The company has a fifty day simple moving average of $0.24 and a 200 day simple moving average of $0.28. Jeffs’ Brands Ltd has a 1-year low of $0.17 and a 1-year high of $5.29.

Hedge Funds Weigh In On Jeffs’ Brands

A hedge fund recently bought a new stake in Jeffs’ Brands stock. Anson Funds Management LP purchased a new stake in Jeffs’ Brands Ltd (NASDAQ:JFBR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned approximately 10.20% of Jeffs’ Brands as of its most recent SEC filing. Institutional investors and hedge funds own 38.85% of the company’s stock.

Jeffs’ Brands Company Profile

Jeffs’ Brands Ltd, together with its subsidiaries, operates as an e-commerce company. It engages in the sale of various consumer products on Amazon online marketplace. The company offers knife-sharpening sets, sharpeners, and nonslip rubber bases under the KnifePlanet brand; steel and soft-tip dart sets under the CC-Exquisite brand; car door and sets protectors for pets under the PetEvo brand; and bag sets and party supply kits for children under the Whoobli brand.