Jeffs’ Brands Ltd (NASDAQ:JFBR) Major Shareholder Jeffrey J. Conroy Buys 501,160 Shares

Jeffs’ Brands Ltd (NASDAQ:JFBR) major shareholder Jeffrey J. Conroy purchased 501,160 shares of Jeffs’ Brands stock in a transaction on Tuesday, October 8th. The stock was bought at an average price of $0.24 per share, with a total value of $120,278.40. Following the transaction, the insider now owns 2,001,160 shares of the company’s stock, valued at approximately $480,278.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Jeffs’ Brands Trading Up 5.8 %

Shares of NASDAQ:JFBR opened at $0.29 on Thursday. The stock has a 50 day moving average of $0.24 and a 200 day moving average of $0.28. Jeffs’ Brands Ltd has a 12-month low of $0.17 and a 12-month 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 bought a new position in Jeffs’ Brands Ltd (NASDAQ:JFBR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 117,295 shares of the company’s stock, valued at approximately $43,000. Anson Funds Management LP owned 10.20% of Jeffs’ Brands as of its most recent filing with the SEC. 38.85% of the stock is currently owned by hedge funds and other institutional investors.

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.