Virscend Education Company Limited (HKG:1565) shareholders (or potential shareholders) will be happy to see that the CEO & Executive Director, Yude Yan, recently bought a whopping HK$14m worth of stock, at a price of HK$1.45. While that only increased their holding size by 0.7%, it is still a big swing by our standards.
The Last 12 Months Of Insider Transactions At Virscend Education
Notably, that recent purchase by Yude Yan is the biggest insider purchase of Virscend Education shares that we've seen in the last year. That implies that an insider found the current price of HK$1.56 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. Happily, the Virscend Education insiders decided to buy shares at close to current prices.
In the last twelve months Virscend Education insiders were buying shares, but not selling. The average buy price was around HK$1.74. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Virscend Education 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Virscend Education insiders own 50% of the company, currently worth about HK$2.5b 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.
So What Do The Virscend Education Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Virscend Education. One for the watchlist, at least! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
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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