share_log

Executive Chairman of Ever Harvest Group Holdings Picks Up 5.4% More Stock

Simply Wall St ·  Jul 13, 2023 18:02

Ever Harvest Group Holdings Limited (HKG:1549) shareholders (or potential shareholders) will be happy to see that the Executive Chairman, Yu Leung Lau, recently bought a whopping HK$5.2m worth of stock, at a price of HK$0.10. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 5.4%.

Check out our latest analysis for Ever Harvest Group Holdings

Ever Harvest Group Holdings Insider Transactions Over The Last Year

Notably, that recent purchase by Yu Leung Lau is the biggest insider purchase of Ever Harvest Group Holdings shares that we've seen in the last year. We do like to see buying, but this purchase was made at well below the current price of HK$0.17. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Yu Leung Lau purchased 96.55m shares over the year. The average price per share was HK$0.14. 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-volume
SEHK:1549 Insider Trading Volume July 13th 2023

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Ever Harvest Group Holdings

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Ever Harvest Group Holdings insiders own about HK$181m worth of shares (which is 69% of the company). 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 Does This Data Suggest About Ever Harvest Group Holdings Insiders?

It's certainly positive 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 Ever Harvest Group Holdings. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Ever Harvest Group Holdings has 2 warning signs and it would be unwise to ignore these.

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.

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.

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
    Write a comment