Whilst it may not be a huge deal, we thought it was good to see that Boon Sui Gui, who is a company insider, recently bought S$53k worth of stock, for S$0.79 per share. However, we do note that it only increased their holding by 0.2%, and it wasn't a huge purchase by absolute value, either.
The Last 12 Months Of Insider Transactions At Hiap Hoe
Notably, that recent purchase by Boon Sui Gui is the biggest insider purchase of Hiap Hoe shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is S$0.80. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Boon Sui Gui was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership of Hiap Hoe
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Hiap Hoe insiders own about S$7.6m worth of shares (which is 2.1% of the company). But they may have an indirect interest through a corporate structure that we haven't picked up on. We do generally prefer see higher levels of insider ownership.
So What Does This Data Suggest About Hiap Hoe Insiders?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Hiap Hoe insiders are expecting a bright future. Along with insider transactions, I recommend checking if Hiap Hoe is growing revenue. This free chart of historic revenue and earnings should make that easy.
Of course Hiap Hoe may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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