Potential China Water Affairs Group Limited (HKG:855) shareholders may wish to note that the Non-Executive Director, Xiaoqin Wang, recently bought HK$858k worth of stock, paying HK$5.72 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.7%.
The Last 12 Months Of Insider Transactions At China Water Affairs Group
Executive Chairman Chuan Liang Duan made the biggest insider purchase in the last 12 months. That single transaction was for HK$2.8m worth of shares at a price of HK$5.51 each. That means that an insider was happy to buy shares at around the current price of HK$5.68. 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. 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 China Water Affairs Group share holders is that insiders were buying at near the current price.
China Water Affairs Group insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
China Water Affairs Group is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does China Water Affairs Group Boast High Insider Ownership?
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. China Water Affairs Group insiders own 34% of the company, currently worth about HK$3.1b 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 Does This Data Suggest About China Water Affairs Group Insiders?
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 China Water Affairs Group. Looks promising! Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for China Water Affairs Group.
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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