We wouldn't blame The United Laboratories International Holdings Limited (HKG:3933) shareholders if they were a little worried about the fact that Siu Chit Choy, the Global Director of Intermediate & Bulk Medicine and Executive Director recently netted about CN¥15m selling shares at an average price of CN¥4.38. Probably the most concerning element of the whole transaction is that the dump amounted to 74% of their entire holding.
The Last 12 Months Of Insider Transactions At United Laboratories International Holdings
Notably, that recent sale by Global Director of Intermediate & Bulk Medicine and Executive Director Siu Chit Choy was not the only time they sold United Laboratories International Holdings shares this year. Earlier in the year, they fetched HK$4.38 per share in a -HK$14.9m sale. So what is clear is that an insider saw fit to sell at around the current price of HK$4.15. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In total, United Laboratories International Holdings insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
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Does United Laboratories International Holdings Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.3% of United Laboratories International Holdings shares, worth about HK$91m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About United Laboratories International Holdings Insiders?
An insider hasn't bought United Laboratories International Holdings stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since United Laboratories International Holdings is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for United Laboratories International Holdings.
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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.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
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. Thank you for reading.