Have Glory Sun Financial Group Limited (HKG:1282) Insiders Been Selling Their Stock?

Some Glory Sun Financial Group Limited (HKG:1282) shareholders may be a little concerned to see that insider Teng Wu recently sold a substantial HK$13m worth of stock at a price of HK$0.33 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 2.0%.

Check out our latest analysis for Glory Sun Financial Group

Glory Sun Financial Group Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Executive Chairman & CEO Jianhui Yao bought HK$400m worth of shares at a price of HK$0.25 per share. We do like to see buying, but this purchase was made at well below the current price of HK$0.33. 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.

You can see the insider transactions (by companies and 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!

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 of Glory Sun Financial Group

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Glory Sun Financial Group insiders own 48% of the company, currently worth about HK$4.8b based on the recent share price. 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 Does This Data Suggest About Glory Sun Financial Group Insiders?

Insiders sold Glory Sun Financial Group shares recently, but they didn't buy any. In contrast, they appear keener if you look at the last twelve months. We are also comforted by the high levels of insider ownership. So we're not too bothered by recent selling. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 4 warning signs for Glory Sun Financial Group (1 is a bit unpleasant!) that we believe deserve your full attention.

Of course Glory Sun Financial Group 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.

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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.
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