Trade Alert: The Executive Director Of Yuk Wing Group Holdings Limited (HKG:1536), Shixin Huang, Has Just Spent HK$674k Buying 11% More Shares

Even if it's not a huge purchase, we think it was good to see that Shixin Huang, the Executive Director of Yuk Wing Group Holdings Limited (HKG:1536) recently shelled out HK$674k to buy stock, at HK$0.26 per share. That purchase might not be huge but it did increase their holding by 11%.

Check out our latest analysis for Yuk Wing Group Holdings

The Last 12 Months Of Insider Transactions At Yuk Wing Group Holdings

In fact, the recent purchase by Executive Director Shixin Huang was not their only acquisition of Yuk Wing Group Holdings shares this year. They previously made an even bigger purchase of HK$1.6m worth of shares at a price of HK$0.28 per share. That means that an insider was happy to buy shares at above the current price of HK$0.27. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Shixin Huang was the only individual insider to buy shares in the last twelve months.

Shixin Huang bought 22.92m shares over the last 12 months at an average price of HK$0.26. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Yuk Wing Group 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 Yuk Wing Group Holdings

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Yuk Wing Group Holdings insiders own about HK$62m worth of shares (which is 62% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Yuk Wing Group Holdings Insider Transactions Indicate?

It is good 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 Yuk Wing Group Holdings. Looks promising! 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. At Simply Wall St, we found 2 warning signs for Yuk Wing Group Holdings that deserve your attention before buying any shares.

Of course Yuk Wing Group Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality 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.

When trading Yuk Wing Group Holdings or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.