Insider Buying: Alset Inc. (NASDAQ:AEI) CEO Acquires 11,556 Shares of Stock

Posted by Rob Hiaasen on Jun 27th, 2024

Alset Inc. (NASDAQ:AEI – Get Free Report) CEO Heng Fai Ambrose Chan bought 11,556 shares of Alset stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average cost of $1.15 per share, for a total transaction of $13,289.40. Following the acquisition, the chief executive officer now owns 5,673,095 shares in the company, valued at approximately $6,524,059.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

On Monday, June 24th, Heng Fai Ambrose Chan bought 1,226 shares of Alset stock. The shares were acquired at an average cost of $1.30 per share, for a total transaction of $1,593.80.
On Monday, June 17th, Heng Fai Ambrose Chan bought 42,149 shares of Alset stock. The shares were acquired at an average cost of $1.15 per share, for a total transaction of $48,471.35.
On Friday, June 14th, Heng Fai Ambrose Chan bought 10,672 shares of Alset stock. The shares were acquired at an average cost of $1.09 per share, for a total transaction of $11,632.48.
On Wednesday, June 12th, Heng Fai Ambrose Chan bought 81,582 shares of Alset stock. The shares were acquired at an average cost of $1.09 per share, for a total transaction of $88,924.38.
On Monday, June 10th, Heng Fai Ambrose Chan purchased 16,567 shares of Alset stock. The stock was purchased at an average cost of $1.01 per share, for a total transaction of $16,732.67.
On Thursday, June 6th, Heng Fai Ambrose Chan purchased 6,753 shares of Alset stock. The stock was purchased at an average cost of $1.11 per share, for a total transaction of $7,495.83.
On Thursday, May 30th, Heng Fai Ambrose Chan purchased 11,990 shares of Alset stock. The stock was purchased at an average cost of $0.89 per share, for a total transaction of $10,671.10.
On Friday, May 24th, Heng Fai Ambrose Chan purchased 456,488 shares of Alset stock. The stock was purchased at an average cost of $0.68 per share, for a total transaction of $310,411.84.
On Tuesday, May 28th, Heng Fai Ambrose Chan purchased 67,215 shares of Alset stock. The stock was purchased at an average cost of $0.74 per share, for a total transaction of $49,739.10.

Alset Price Performance

Shares of Alset stock opened at $1.43 on Thursday. Alset Inc. has a 12-month low of $0.46 and a 12-month high of $2.04. The company’s fifty day simple moving average is $0.80 and its two-hundred day simple moving average is $0.91.

Alset (NASDAQ:AEI – Get Free Report) last posted its earnings results on Wednesday, May 15th. The company reported ($0.73) EPS for the quarter. Alset had a negative return on equity of 54.24% and a negative net margin of 227.02%. The company had revenue of $6.09 million during the quarter.

Institutional Investors Weigh In On Alset

An institutional investor recently bought a new position in Alset stock. StoneX Group Inc. purchased a new stake in shares of Alset Inc. (NASDAQ:AEI – Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned 3.00% of Alset at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Alset Company Profile

(Get Free Report)

Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, 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.