Shenguan Holdings (Group) Insider Ups Holding During Year
Insiders were net buyers of Shenguan Holdings (Group) Limited's (HKG:829 ) stock during the past year. That is, insiders bought more stock than they sold.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At Shenguan Holdings (Group)
In the last twelve months, the biggest single purchase by an insider was when Chairman of the Board & President Yaxian Zhou bought HK$872k worth of shares at a price of HK$0.19 per share. That implies that an insider found the current price of HK$0.19 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider bought shares at close to current prices. Yaxian Zhou was the only individual insider to buy during the last year.
Yaxian Zhou bought a total of 14.62m shares over the year at an average price of HK$0.18. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for Shenguan Holdings (Group)
Shenguan Holdings (Group) is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Shenguan Holdings (Group) Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Shenguan Holdings (Group) insiders own about HK$140m worth of shares. That equates to 23% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Shenguan Holdings (Group) Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. With high insider ownership and encouraging transactions, it seems like Shenguan Holdings (Group) insiders think the business has merit. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. When we did our research, we found 2 warning signs for Shenguan Holdings (Group) (1 is significant!) that we believe deserve your full attention.
Of course Shenguan Holdings (Group) 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.