Meilleure Health International Industry Group Limited (HKG:2327) shareholders (or potential shareholders) will be happy to see that the Co-Chairmen of the Board, Xuzhou Zhou, recently bought a whopping HK$4.3m worth of stock, at a price of HK$0.51. While that only increased their holding size by 5.4%, it is still a big swing by our standards.
Meilleure Health International Industry Group Insider Transactions Over The Last Year
Notably, that recent purchase by Co-Chairmen of the Board Xuzhou Zhou was not the only time they bought Meilleure Health International Industry Group shares this year. Earlier in the year, they paid HK$0.91 per share in a HK$39m purchase. That means that an insider was happy to buy shares at above the current price of HK$0.52. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
Happily, we note that in the last year insiders paid HK$77m for 98.6m shares. But insiders sold 90000 shares worth HK$144k. In the last twelve months there was more buying than selling by Meilleure Health International Industry Group insiders. The average buy price was around HK$0.78. I'd consider this a positive as it suggests insiders see value at around the current 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!
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that Meilleure Health International Industry Group insiders own 4.7% of the company, worth about HK$105m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Meilleure Health International Industry Group Insider Transactions Indicate?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Meilleure Health International Industry Group. Nice! Of course, the future is what matters most. So if you are interested in Meilleure Health International Industry Group, you should check out this free report on analyst forecasts for the company.
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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