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Jonathan Lee Seliger Is The President of Lever Style Corporation (HKG:1346) And They Just Sold 33% Of Their Shares

Simply Wall St ·  Jul 9, 2022 20:51

Anyone interested in Lever Style Corporation (HKG:1346) should probably be aware that the President, Jonathan Lee Seliger, recently divested HK$2.6m worth of shares in the company, at an average price of HK$0.40 each. The eyebrow raising move amounted to a reduction of 33% in their holding.

View our latest analysis for Lever Style

Lever Style Insider Transactions Over The Last Year

Notably, that recent sale by Jonathan Lee Seliger is the biggest insider sale of Lever Style shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of HK$0.40. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Jonathan Lee Seliger sold a total of 12.80m shares over the year at an average price of US$0.40. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volumeSEHK:1346 Insider Trading Volume July 10th 2022

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Lever Style insiders own about HK$20m worth of shares (which is 8.0% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Lever Style Tell Us?

An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. But since Lever Style is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 5 warning signs we've spotted with Lever Style (including 2 which shouldn't be ignored).

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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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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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