Whilst it may not be a huge deal, we thought it was good to see that the Sing Lee Software (Group) Limited (HKG:8076) Co-Founder, Yung Hung, recently bought HK$198k worth of stock, for HK$0.17 per share. However, we do note that it only increased their holding by 2.0%, and it wasn’t a huge purchase by absolute value, either.
Sing Lee Software (Group) Insider Transactions Over The Last Year
Notably, that recent purchase by Co-Founder Yung Hung was not the only time they bought Sing Lee Software (Group) shares this year. They previously made an even bigger purchase of HK$269k worth of shares at a price of HK$0.11 per share. We do like to see buying, but this purchase was made at well below the current price of HK$0.17. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn’t tell us much about what they think of current prices.
Sing Lee Software (Group) insiders may have bought shares in the last year, but they didn’t sell any. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Sing Lee Software (Group) is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Sing Lee Software (Group)
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Insiders own 6.5% of Sing Lee Software (Group) shares, worth about HK$15m, according to our data. However, it’s possible that insiders might have an indirect interest through a more complex structure. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Sing Lee Software (Group) Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Sing Lee Software (Group) insiders are well aligned, and that they may think the share price is too low. To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
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.
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