Potential Carrianna Group Holdings Company Limited (HKG:126) shareholders may wish to note that the Founder & Honorary Chairman, Kai Cheung Ma, recently bought HK$1.4m worth of stock, paying HK$0.80 for each share. Although the purchase only increased their holding by 0.5%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Carrianna Group Holdings
Notably, that recent purchase by Kai Cheung Ma is the biggest insider purchase of Carrianna Group Holdings 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$0.79. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
Happily, we note that in the last year insiders paid HK$4.8m for 6.00m shares. On the other hand they divested 104000 shares, for HK$81k. In total, Carrianna Group Holdings insiders bought more than they sold over the last year. 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!
Carrianna Group Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Carrianna Group Holdings insiders own 63% of the company, worth about HK$632m. 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 Do The Carrianna Group Holdings Insider Transactions Indicate?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Carrianna Group Holdings insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow for free.
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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