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Hung Wang Is The Executive Chairman of Golden Eagle Retail Group Limited (HKG:3308) And Just Spent CN¥660k On Shares

Simply Wall St ·  09/01 06:21

Whilst it may not be a huge deal, we thought it was good to see that the Golden Eagle Retail Group Limited (HKG:3308) Executive Chairman, Hung Wang, recently bought HK$660k worth of stock, for HK$5.50 per share. Nevertheless, it only increased their shareholding by a minuscule percentage, and it wasn't a massive purchase by absolute value, either.

View our latest analysis for Golden Eagle Retail Group

Golden Eagle Retail Group Insider Transactions Over The Last Year

Notably, that recent purchase by Executive Chairman Hung Wang was not the only time they bought Golden Eagle Retail Group shares this year. Earlier in the year, they paid HK$6.63 per share in a HK$5.3m purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$5.51). It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Hung Wang was the only individual insider to buy shares in the last twelve months.

Hung Wang bought a total of 10.81m shares over the year at an average price of HK$6.25. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volumeSEHK:3308 Insider Trading Volume August 31st 2022

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 Golden Eagle Retail Group

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Golden Eagle Retail Group insiders own 70% of the company, worth about HK$6.4b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Golden Eagle Retail Group Tell Us?

It is good to see the recent insider purchase. 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 Golden Eagle Retail Group. One for the watchlist, at least! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. In terms of investment risks, we've identified 1 warning sign with Golden Eagle Retail Group and understanding it should be part of your investment process.

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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