Insider Buying: Alset Inc. (NASDAQ:AEI) CEO Purchases 300,000 Shares of Stock

Alset Inc. (NASDAQ:AEIGet Rating) CEO Heng Fai Ambrose Chan acquired 300,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were bought at an average cost of $0.18 per share, for a total transaction of $54,000.00. Following the transaction, the chief executive officer now directly owns 74,727,030 shares in the company, valued at $13,450,865.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Heng Fai Ambrose Chan also recently made the following trade(s):

  • On Thursday, November 17th, Heng Fai Ambrose Chan purchased 42,759 shares of Alset stock. The stock was purchased at an average price of $0.16 per share, for a total transaction of $6,841.44.
  • On Friday, September 30th, Heng Fai Ambrose Chan acquired 1,000,000 shares of Alset stock. The shares were purchased at an average price of $0.25 per share, with a total value of $250,000.00.

Alset Price Performance

Shares of AEI traded up $0.02 during trading hours on Thursday, reaching $0.22. The stock had a trading volume of 1,223,923 shares, compared to its average volume of 584,259. The firm has a 50-day simple moving average of $0.21 and a 200 day simple moving average of $0.27. Alset Inc. has a 12 month low of $0.15 and a 12 month high of $1.61.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of Alset by 155.5% during the second quarter. Renaissance Technologies LLC now owns 2,121,994 shares of the company’s stock valued at $624,000 after buying an additional 1,291,373 shares during the last quarter. Vanguard Group Inc. boosted its stake in Alset by 80.9% during the 1st quarter. Vanguard Group Inc. now owns 1,214,242 shares of the company’s stock valued at $559,000 after purchasing an additional 543,154 shares during the last quarter. State Street Corp increased its holdings in Alset by 261.8% during the 1st quarter. State Street Corp now owns 150,500 shares of the company’s stock worth $69,000 after purchasing an additional 108,900 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Alset by 51.7% in the first quarter. BlackRock Inc. now owns 94,449 shares of the company’s stock worth $43,000 after purchasing an additional 32,187 shares during the last quarter. Institutional investors and hedge funds own 6.50% of the company’s stock.

Alset Company Profile

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Alset Inc, through its subsidiaries, engages in the real estate development, financial services, digital transformation technologies, biohealth, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.

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