Potential ANTA Sports Products Limited (HKG:2020) shareholders may wish to note that the Independent Non-Executive Director, Kin Wah Yiu, recently bought HK$1.3m worth of stock, paying HK$56.30 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 115%, potentially signalling some real optimism.
The Last 12 Months Of Insider Transactions At ANTA Sports Products
In fact, the recent purchase by Kin Wah Yiu was the biggest purchase of ANTA Sports Products shares made by an insider individual in the last twelve months, according to our records. So it’s clear an insider wanted to buy, at around the current price, which is HK$56.95. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the ANTA Sports Products insider decided to buy shares at close to current prices. Kin Wah Yiu was the only individual insider to buy shares in the last twelve months.
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!
ANTA Sports Products is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that ANTA Sports Products insiders own 0.4% of the company, worth about HK$624m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The ANTA Sports Products Insider Transactions Indicate?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about ANTA Sports Products. One for the watchlist, at least! While we like knowing what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we’ve spotted 2 warning signs for ANTA Sports Products you should know about.
But note: ANTA Sports Products 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, but not derivative transactions.
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.