Those following along with Regina Miracle International (Holdings) Limited (HKG:2199) will no doubt be intrigued by the recent purchase of shares by Yau Lit Hung, Chairman & CEO of the company, who spent a stonking HK$4.2m on stock at an average price of HK$4.21. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.1%.
Regina Miracle International (Holdings) Insider Transactions Over The Last Year
Notably, that recent purchase by Yau Lit Hung is the biggest insider purchase of Regina Miracle International (Holdings) shares that we've seen in the last year. That implies that an insider found the current price of HK$4.96 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Regina Miracle International (Holdings) share holders is that insiders were buying at near the current price.
While Regina Miracle International (Holdings) insiders bought shares last year, they didn't sell. 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of Regina Miracle International (Holdings)
For a common shareholder, it is worth checking how many shares are held by company 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. It's great to see that Regina Miracle International (Holdings) insiders own 79% of the company, worth about HK$4.8b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Regina Miracle International (Holdings) Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Regina Miracle International (Holdings). Nice! Of course, the future is what matters most. So if you are interested in Regina Miracle International (Holdings), you should check out this free report on analyst forecasts for the company.
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.
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.
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