Jinke Smart Services Group Insider Buyers Net CN¥102k Despite 10% Stock Decline

Insiders who bought Jinke Smart Services Group Co., Ltd. (HKG:9666) in the last 12 months may probably not pay attention to the stock's recent 10% drop. After taking the recent loss into consideration, the CN¥572.0k worth of stock they bought is now worth CN¥674.0k, indicating that their investment yielded a positive return.

While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for Jinke Smart Services Group

Jinke Smart Services Group Insider Transactions Over The Last Year

The Executive Chairman of the Board Shaofei Xia made the biggest insider purchase in the last 12 months. That single transaction was for HK$572k worth of shares at a price of HK$5.72 each. We do like to see buying, but this purchase was made at well below the current price of HK$6.74. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Jinke Smart Services Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that Jinke Smart Services Group insiders own about HK$50m worth of shares (which is 1.2% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We do generally prefer see higher levels of insider ownership.

So What Do The Jinke Smart Services Group Insider Transactions Indicate?

It doesn't really mean much that no insider has traded Jinke Smart Services Group shares in the last quarter. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Jinke Smart Services Group and their transactions don't cause us concern. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

But note: Jinke Smart Services Group 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 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.