Mi Ming Mart Holdings Chairlady & CEO Acquires 3.7% More Stock

Potential Mi Ming Mart Holdings Limited (HKG:8473) shareholders may wish to note that the Chairlady & CEO, Mi-Ming Yuen, recently bought HK$2.8m worth of stock, paying HK$0.14 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.7%.

See our latest analysis for Mi Ming Mart Holdings

The Last 12 Months Of Insider Transactions At Mi Ming Mart Holdings

In fact, the recent purchase by Mi-Ming Yuen was the biggest purchase of Mi Ming Mart Holdings shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than HK$0.14 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. Mi-Ming Yuen was the only individual insider to buy during the last year.

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!

Mi Ming Mart Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership Of Mi Ming Mart Holdings

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Mi Ming Mart Holdings insiders own about HK$115m worth of shares (which is 74% 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 Mi Ming Mart Holdings Insider Transactions Indicate?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Mi Ming Mart Holdings insiders are well aligned, and quite possibly think the share price is too low. Nice! 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. In terms of investment risks, we've identified 2 warning signs with Mi Ming Mart Holdings and understanding these should be part of your investment process.

Of course Mi Ming Mart 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 of direct interests only, but not derivative transactions or indirect interests.

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

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.