Those following along with Glory Sun Financial Group Limited (HKG:1282) will no doubt be intrigued by the recent purchase of shares by Jianhui Yao, Co-Chairman & CEO of the company, who spent a stonking HK$600m on stock at an average price of HK$0.25. Not only is that a big swing, but it increased their holding size by 22%, which is definitely great to see.
The Last 12 Months Of Insider Transactions At Glory Sun Financial Group
In fact, the recent purchase by Jianhui Yao was the biggest purchase of Glory Sun Financial Group shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of HK$0.28 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. 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. The good news for Glory Sun Financial Group share holders is that an insider was buying at near the current price. Jianhui Yao was the only individual insider to buy over the 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!
Glory Sun Financial Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Glory Sun Financial Group insiders own about HK$3.6b worth of shares (which is 43% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Glory Sun Financial Group Tell Us?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest Glory Sun Financial Group insiders are well aligned, and quite possibly think the share price is too low. That's what I like to see! To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
Of course Glory Sun Financial Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.
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.
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. Thank you for reading.