Whilst it may not be a huge deal, we thought it was good to see that the Haichang Ocean Park Holdings Ltd. (HKG:2255) Executive President & Executive Director, Jie Gao, recently bought HK$295k worth of stock, for HK$0.98 per share. That might not be a big purchase but it only increased their holding by 6.9%, and could be interpreted as a good sign.
Haichang Ocean Park Holdings Insider Transactions Over The Last Year
Executive Director Cheng Qu made the biggest insider purchase in the last 12 months. That single transaction was for HK$885k worth of shares at a price of HK$0.88 each. That implies that an insider found the current price of HK$0.89 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider purchases were made at close to current prices.
In the last twelve months Haichang Ocean Park Holdings insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Haichang Ocean Park Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Haichang Ocean Park Holdings
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Haichang Ocean Park Holdings insiders own 46% of the company, currently worth about HK$1.6b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Haichang Ocean Park Holdings Tell Us?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Haichang Ocean Park Holdings insiders are well aligned, and quite possibly think the share price is too low. Looks promising! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Haichang Ocean Park Holdings.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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