Chairman & CEO of SSY Group Jiguang Qu Buys More Stock

Investors who take an interest in SSY Group Limited (HKG:2005) should definitely note that the Chairman & CEO, Jiguang Qu, recently paid HK$4.90 per share to buy HK$2.5m worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for SSY Group

The Last 12 Months Of Insider Transactions At SSY Group

Notably, that recent purchase by Chairman & CEO Jiguang Qu was not the only time they bought SSY Group shares this year. They previously made an even bigger purchase of HK$8.3m worth of shares at a price of HK$4.40 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of HK$4.93. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Jiguang Qu bought 5.26m shares over the last 12 months at an average price of HK$4.65. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. SSY Group insiders own about HK$1.5b worth of shares (which is 10% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At SSY Group Tell Us?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest SSY Group insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing SSY Group. Every company has risks, and we've spotted 1 warning sign for SSY Group you should know about.

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 of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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.