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Have Anchorstone Holdings Insiders Been Selling Stock?

Simply Wall St ·  Dec 16, 2023 19:01

We'd be surprised if Anchorstone Holdings Limited (HKG:1592) shareholders haven't noticed that the Chairman & CEO, Yue Yun Lui, recently sold HK$892k worth of stock at HK$0.072 per share. On the bright side, that sale was only 1.7% of their holding, so we doubt it's very meaningful, on its own.

View our latest analysis for Anchorstone Holdings

Anchorstone Holdings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by insider Hok Choi for HK$4.0m worth of shares, at about HK$0.083 per share. That means that even when the share price was higher than HK$0.055 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months insiders purchased 97.89m shares for HK$6.7m. But insiders sold 29.23m shares worth HK$1.9m. In total, Anchorstone Holdings insiders bought more than they sold over the last year. The average buy price was around HK$0.069. I'd consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
SEHK:1592 Insider Trading Volume December 17th 2023

Anchorstone Holdings is not the only stock that insiders are buying. 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 Of Anchorstone Holdings

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Anchorstone Holdings insiders own 40% of the company, worth about HK$47m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Anchorstone Holdings Insiders?

Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. Judging from their transactions, and high insider ownership, Anchorstone Holdings insiders feel good about the company's future. 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. For instance, we've identified 4 warning signs for Anchorstone Holdings (3 shouldn't be ignored) you should be aware of.

Of course Anchorstone Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality 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 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.

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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