Potential Wai Kee Holdings Limited (HKG:610) shareholders may wish to note that the Vice Chairman & CEO, Wei Peu Zen, recently bought HK$939k worth of stock, paying HK$1.54 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.
See our latest analysis for Wai Kee Holdings
The Last 12 Months Of Insider Transactions At Wai Kee Holdings
In the last twelve months, the biggest single sale by an insider was when the Executive Chairman, Wei Pao Zen, sold HK$3.4m worth of shares at a price of HK$2.06 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (HK$1.58). So it may not shed much light on insider confidence at current levels. Wei Pao Zen was the only individual insider to sell over the last year.
Wei Pao Zen ditched 2.98m shares over the year. The average price per share was HK$1.85. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
I will like Wai Kee 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.
Does Wai Kee Holdings Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Wai Kee Holdings insiders own 63% of the company, worth about HK$788m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Wai Kee Holdings Insider Transactions Indicate?
The stark truth for Wai Kee Holdings is that there has been more insider selling than insider buying in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Wai Kee Holdings. For example, Wai Kee Holdings has 2 warning signs (and 1 which is concerning) we think you should know about.
But note: Wai Kee Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.
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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.