Some TL Natural Gas Holdings Limited (HKG:8536) shareholders may be a little concerned to see that the Deputy GM & Executive Director, Yong Qiang Liu, recently sold a substantial HK$6.0m worth of stock at a price of HK$0.74 per share. That's a big disposal, and it decreased their holding size by 13%, which is notable but not too bad.
View our latest analysis for TL Natural Gas Holdings
TL Natural Gas Holdings Insider Transactions Over The Last Year
In fact, the recent sale by Yong Qiang Liu was the biggest sale of TL Natural Gas Holdings shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at slightly below the current price (HK$0.84). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 13% of Yong Qiang Liu's holding.
Yong Qiang Liu sold a total of 9.83m shares over the year at an average price of CN¥0.71. 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 TL Natural 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
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. TL Natural Gas Holdings insiders own 62% of the company, currently worth about HK$92m based on the recent share price. 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 TL Natural Gas Holdings Insiders?
An insider sold TL Natural Gas Holdings shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Be aware that TL Natural Gas Holdings is showing 4 warning signs in our investment analysis, and 2 of those are significant...
But note: TL Natural Gas 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 of direct interests only, but not derivative transactions or indirect interests.
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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.