Alset Inc. (NASDAQ:AEI) has reported that its Chief Executive Officer, Chan Heng Fai Ambrose, has recently increased his stake in the company. On August 20, 2024, Mr. Chan purchased 2,983 shares of Alset Inc.'s common stock, spending a total of approximately $2,833.
The transaction was conducted through multiple trades, with the prices of the shares ranging from $0.91 to $0.96. The reported price represents the weighted average purchase price for the shares. Following this acquisition, Mr. Chan now directly owns 5,875,571 shares of Alset Inc. It's also noted that he indirectly controls an additional 319,000 shares through HFE Holdings Limited, bringing his total beneficial ownership to 6,194,571 shares of the company's common stock.
This latest transaction underscores the CEO's growing investment in Alset Inc., a company that operates within the real estate sector and is incorporated in Texas. The CEO's acquisition is reflective of his confidence in the company's prospects and his commitment to its future.
Investors and stakeholders often keep a close eye on insider transactions, as they can provide insights into how the company's top executives view the stock's value and future performance.
InvestingPro Insights
As Alset Inc.'s CEO Chan Heng Fai Ambrose demonstrates his confidence in the company by increasing his stake, investors may find additional context through real-time data and insights from InvestingPro. Alset Inc., with its market capitalization standing at $10.81 million, appears to be a niche player in the real estate sector, reflecting a unique position in the industry.
An important metric to consider is the company's Price / Book ratio, which currently sits at a low 0.14, suggesting that the stock may be undervalued compared to the book value of its assets. This aligns with one of the InvestingPro Tips, which indicates that Alset Inc. is trading at a low Price / Book multiple. Additionally, despite a challenging revenue growth rate, which has seen a substantial decline of 57.47% over the last twelve months, the company holds more cash than debt, providing a cushion against financial headwinds.
Investors looking at recent performance will note the significant return of 110.31% over the last three months, which is a bright spot in the company's recent financial journey. While the stock has experienced high volatility, as noted by another InvestingPro Tip, this recent surge could be an indicator of a potential turnaround or a positive market reaction to internal developments within the company.
For those interested in a deeper analysis, there are over 16 additional InvestingPro Tips available for Alset Inc. These tips provide a comprehensive look at various aspects of the company's financial health and market performance, which can be an invaluable resource for investors making informed decisions. To explore these insights further, one can visit InvestingPro's dedicated page for Alset Inc. at https://www.investing.com/pro/AEI.
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