Karrie International Holdings CEO, Head of Finance & Accounting Department and Deputy Chairman Acquires 6.5% More Stock
Whilst it may not be a huge deal, we thought it was good to see that the Karrie International Holdings Limited (HKG:1050) CEO, Head of Finance & Accounting Department and Deputy Chairman, Wai Hon Ho, recently bought HK$507k worth of stock, for HK$1.69 per share. However, it only increased their shares held by 6.5%, and it wasn't a huge purchase by absolute value, either.
The Last 12 Months Of Insider Transactions At Karrie International Holdings
Notably, that recent purchase by CEO, Head of Finance & Accounting Department and Deputy Chairman Wai Hon Ho was not the only time they bought Karrie International Holdings shares this year. They previously made an even bigger purchase of HK$1.0m worth of shares at a price of HK$2.06 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being HK$1.73). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Wai Hon Ho was the only individual insider to buy during the last year.
Wai Hon Ho bought a total of 1.63m shares over the year at an average price of HK$2.09. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Karrie International Holdings
Karrie International Holdings 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 Karrie International Holdings Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Karrie International Holdings insiders own about HK$721m worth of shares. That equates to 20% 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.
So What Do The Karrie International Holdings Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Karrie International Holdings. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Karrie International Holdings. For example - Karrie International Holdings has 1 warning sign we think you should be aware of.
Of course Karrie International Holdings 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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