In recent trading activity, Alset Inc. (NASDAQ:AEI) CEO Chan Heng Fai Ambrose has increased his stake in the company through the purchase of additional shares. Over two consecutive days, Mr. Chan acquired a significant number of shares, signaling a bolstered commitment to the company's future.
On May 29, 2024, the CEO bought 177,285 shares at prices that varied, with the weighted average purchase price amounting to $0.863 per share. The transactions were executed in multiple trades, with prices ranging from $0.85 to $0.884. Following this transaction, Mr. Chan's ownership in Alset Inc. increased notably.
The buying spree continued on the next day, May 30, 2024, when Mr. Chan purchased an additional 11,990 shares at a fixed price of $0.89 per share. This further investment by the CEO brought his total direct and indirect holdings to 5,655,796 shares, underscoring his significant influence and vested interest in the company's success.
The acquisitions by Mr. Chan represent a substantial investment of $163,668 into Alset Inc., reflecting the CEO's confidence in the real estate firm's trajectory. With these purchases, investors and market watchers may take note of the CEO's optimistic stance on the company's value and prospects.
As per the filing, Mr. Chan also indirectly owns 319,000 shares through HFE Holdings Limited, over which he has sole voting and investment power. This detail highlights the depth of his engagement and control over a considerable portion of Alset Inc.'s common stock.
Alset Inc., headquartered in Bethesda, Maryland, operates within the real estate sector and has undergone previous name changes, formerly known as Alset EHome International Inc. and HF Enterprises Inc. The recent transactions by the CEO are likely to be of interest to current and potential investors as they evaluate their positions in the company.
InvestingPro Insights
Following the recent share purchases by Alset Inc. (NASDAQ:AEI) CEO Chan Heng Fai Ambrose, a peek into the company's financial health and stock performance provides additional context for investors. With a market capitalization of just $8.4 million, Alset Inc. presents itself as a small-cap company that may appeal to investors looking for potential growth opportunities.
Notably, Alset Inc. is trading at a low Price / Book multiple of 0.1 as of the last twelve months ending Q1 2024, which could suggest that the stock is undervalued relative to its assets. This aligns with the CEO's recent share purchases, possibly indicating that he too perceives the stock to be undervalued.
InvestingPro data also shows a remarkable 688.62% revenue growth over the last twelve months as of Q1 2024, a metric that may catch the eye of growth-focused investors. However, it's important to consider that the company has not been profitable over the same period, with an operating income margin of -6.42%.
For those interested in the stock's recent performance, Alset Inc. has experienced a significant return over the last week, with a 32.84% price total return. This short-term surge might reflect market reactions to the CEO's share purchases, or other factors not immediately apparent.
An InvestingPro Tip worth mentioning is that Alset Inc. holds more cash than debt on its balance sheet, which could be a sign of financial stability and flexibility. Additionally, the stock generally trades with high price volatility, suggesting that risk-tolerant investors might find it an attractive, albeit speculative, play.
For investors intrigued by these insights and seeking more in-depth analysis, there are additional InvestingPro Tips available. These tips delve further into the company's valuation multiples, liquidity, and stock performance trends. To explore these, visit https://www.investing.com/pro/AEI, and remember, you can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 14 additional InvestingPro Tips listed for Alset Inc. on InvestingPro, which could further guide investment decisions.
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