Even if it's not a huge purchase, we think it was good to see that Tat Fung Tse, the Deputy Chief Executive Officer of Tse Sui Luen Jewellery (International) Limited (HKG:417) recently shelled out HK$512k to buy stock, at HK$1.60 per share. That might not be a big purchase but it only increased their holding by 0.2%, and could be interpreted as a good sign.
The Last 12 Months Of Insider Transactions At Tse Sui Luen Jewellery (International)
Notably, that recent purchase by Tat Fung Tse is the biggest insider purchase of Tse Sui Luen Jewellery (International) shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of HK$1.38. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Tat Fung Tse was the only individual insider to buy over the year.
Tat Fung Tse bought a total of 557806 shares over the year at an average price of HK$1.70. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
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.
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Tse Sui Luen Jewellery (International) insiders own 72% of the company, worth about HK$249m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Tse Sui Luen Jewellery (International) Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Tse Sui Luen Jewellery (International) insiders are well aligned, and quite possibly think the share price is too low. Nice! I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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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If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Thank you for reading.