Insiders Sold Asia-express Logistics Holdings Prematurely At HK$0.18 With Stock Trading Higher
Even though Asia-express Logistics Holdings Limited (HKG:8620) has fallen by 14% over the past week , insiders who sold HK$1.4m worth of stock over the past year have had less luck. The average selling price of HK$0.18 is still lower than the current share price, or in other words, insiders would have been better off holding on to their shares.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
The Last 12 Months Of Insider Transactions At Asia-express Logistics Holdings
In the last twelve months, the biggest single sale by an insider was when the insider, Wing Choy, sold HK$955k worth of shares at a price of HK$0.17 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is HK$0.13. So it may not tell us anything about how insiders feel about the current share price.
Asia-express Logistics Holdings insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Asia-express Logistics Holdings
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 19% of Asia-express Logistics Holdings shares, worth about HK$16m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Asia-express Logistics Holdings Tell Us?
There haven't been any insider transactions in the last three months -- that doesn't mean much. We don't take much encouragement from the transactions by Asia-express Logistics Holdings insiders. But we do like the fact that insiders own a fair chunk of the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for Asia-express Logistics Holdings you should be aware of.
But note: Asia-express Logistics Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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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