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Tian Lun Gas Holdings Limited (HKG:1600) insiders who sold CN¥922m worth of stock earlier this year are probably glad they did so as market cap slides to HK$4.3b

Simply Wall St ·  {{timeTz}}

Insiders seem to have made the most of their holdings by selling CN¥922m worth of Tian Lun Gas Holdings Limited (HKG:1600) stock at an average sell price of CN¥7.68 during the past year. The company's market cap plunged by HK$394m after price dropped by 8.5% last week but insiders were able to limit their loss to an extent.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Tian Lun Gas Holdings

Tian Lun Gas Holdings Insider Transactions Over The Last Year

The Founder & Chairman of the Board, Yingcen Zhang, made the biggest insider sale in the last 12 months. That single transaction was for HK$922m worth of shares at a price of HK$7.68 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of HK$4.22. So it may not tell us anything about how insiders feel about the current share price. Yingcen Zhang was the only individual insider to sell over the last year.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

SEHK:1600 Insider Trading Volume May 10th 2022

I will like Tian Lun Gas Holdings better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership of Tian Lun Gas Holdings

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. Tian Lun Gas Holdings insiders own 35% of the company, currently worth about HK$1.5b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Tian Lun Gas Holdings Insiders?

The fact that there have been no Tian Lun Gas Holdings insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Tian Lun Gas Holdings insiders selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 3 warning signs for Tian Lun Gas Holdings (1 doesn't sit too well with us!) and we strongly recommend you look at them before investing .

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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