Even if it’s not a huge purchase, we think it was good to see that Xiaoming Ma, the Chairman & CEO of Xin Point Holdings Limited (HKG:1571) recently shelled out HK$704k to buy stock, at HK$1.99 per share. However, we do note that it only increased their holding by 0.05%, and it wasn’t a huge purchase by absolute value, either.
Xin Point Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Chairman & CEO Xiaoming Ma was not the only time they bought Xin Point Holdings shares this year. They previously made an even bigger purchase of HK$5.8m worth of shares at a price of HK$1.46 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of HK$2.00. Because the shares were purchased at a lower price, this particular buy doesn’t tell us much about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid HK$26m for 14.58m shares. But insiders sold 313000 shares worth HK$519k. In total, Xin Point Holdings insiders bought more than they sold over the last year. They paid about HK$1.77 on average. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Xin Point Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Xin Point Holdings
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Xin Point Holdings insiders own 73% of the company, currently worth about HK$1.5b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Xin Point Holdings Insiders?
It’s certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Xin Point Holdings. That’s what I like to see! I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.