Even if it's not a huge purchase, we think it was good to see that Jiajue Huang, the CEO & Executive Director of Silver Grant International Holdings Group Limited (HKG:171) recently shelled out HK$554k to buy stock, at HK$1.01 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 34%.
Silver Grant International Holdings Group Insider Transactions Over The Last Year
In fact, the recent purchase by Jiajue Huang was the biggest purchase of Silver Grant International Holdings Group shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is HK$1.03. 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. The only individual insider to buy over the last year was Jiajue Huang.
Jiajue Huang bought a total of 970.00k shares over the year at an average price of HK$1.00. You can see the insider transactions (by individuals) over the last year depicted in the chart below. 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 Silver Grant International Holdings Group
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our information indicates that Silver Grant International Holdings Group insiders own about HK$1.6m worth of shares. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. This level of insider ownership is notably low, and not very encouraging.
What Might The Insider Transactions At Silver Grant International Holdings Group Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Silver Grant International Holdings Group insiders are reasonably well aligned, and optimistic for the future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Silver Grant International Holdings Group.
But note: Silver Grant International Holdings Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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.
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