Alset Inc. (NASDAQ:AEI) CEO Ambrose Chan has increased his stake in the company with recent share purchases totaling $361,975. The transactions, which took place over several days, saw Chan acquire shares at prices ranging from $0.667 to $0.741.
On May 24, 2024, Chan added 233,092 shares to his holdings at $0.70 per share in a private transaction. Additionally, on the same day, he purchased another 223,396 shares of Alset Inc.'s common stock, with the weighted average purchase price being $0.667. These transactions were executed in multiple trades at prices that varied from $0.546 to $0.70. On May 28, Chan further increased his position by 67,215 shares at an average price of $0.741, with the trades occurring at prices between $0.73 to $0.80.
Following these acquisitions, Chan's ownership in Alset Inc. has reached a significant total of 5,466,521 shares, including both direct and indirect holdings. The indirect shares are held by HFE Holdings Limited, where Chan possesses sole voting and investment power.
These purchases by the CEO demonstrate a substantial investment in the company's stock and may be a point of interest for current and prospective investors. Chan's role as both CEO and a major shareholder underscores his confidence in the future of Alset Inc., a real estate firm headquartered in Bethesda, Maryland.
Investors often keep a close eye on insider transactions as they can provide insights into the executives' perspectives on the company's value and prospects. Chan's recent acquisitions represent a notable endorsement of Alset Inc. from its top executive.
InvestingPro Insights
Alset Inc. (NASDAQ:AEI) has been the subject of considerable attention following insider transactions by CEO Ambrose Chan. As investors analyze the implications of such insider confidence, certain metrics and tips from InvestingPro provide additional context to the company's financial health and stock performance.
InvestingPro data indicates that Alset Inc. has a market capitalization of $8.03 million, which is relatively modest, signifying a smaller company size within the market. Despite not being profitable over the last twelve months, the firm holds a substantial cash position, with liquid assets that exceed its short-term obligations. This financial stability is often a positive signal for investors assessing the risk profile of a company.
The company has experienced a remarkable revenue growth of 688.62% over the last twelve months as of Q1 2023, which could reflect potential in its business model or market demand for its services. However, this has not yet translated into profitability, as indicated by a negative operating income margin of -6.42% for the same period. Alset Inc.'s Price / Book multiple as of Q1 2023 stands at 0.09, suggesting the stock may be trading at a low valuation relative to the company’s book value — a point of interest for value-oriented investors.
Two InvestingPro Tips that stand out for Alset Inc. are that the stock is trading at a low Price / Book multiple and that the stock has experienced significant returns over the last week, with a 1-week price total return of 64.15%. The latter suggests a recent surge in investor interest, which could correlate with the CEO's share purchases. Moreover, the stock's volatility is highlighted by the substantial return over the last week, juxtaposed against a notable decline over the last year, with a -52.72% return.
For those considering a deeper dive into Alset Inc.'s performance and outlook, InvestingPro offers additional insights. There are 15 more InvestingPro Tips available, which can be accessed to gain a comprehensive understanding of the company's financial metrics and market position. Interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, providing them with a valuable resource for informed decision-making.
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