Alset Inc. (NASDAQ:AEI) CEO Chan Heng Fai Ambrose has recently increased his stake in the company through a series of stock purchases, signaling a strong belief in the firm's future prospects. Over the course of two transactions, Ambrose acquired a total of 20,312 shares of Alset Inc. common stock, with a combined value of approximately $19,150.
The first transaction, dated May 31, 2024, saw Ambrose purchase 7,975 shares at a price of $0.91 each. A subsequent acquisition on June 3, 2024, involved 12,337 shares bought at prices ranging from $0.96 to $0.99, with the reported price reflecting the weighted average purchase price. These transactions have increased Ambrose's direct ownership in Alset Inc. to 5,357,108 shares.
Ambrose, who also indirectly owns 319,000 shares through HFE Holdings Limited, has demonstrated his commitment to the company with these purchases. His position as CEO, coupled with these recent transactions, may be seen by investors as a positive indicator of the company's direction and stability.
Alset Inc., a company classified under the real estate sector, has been under the leadership of Ambrose, who holds significant influence over the company's operations. With these latest stock purchases, Ambrose's total beneficial ownership in Alset Inc. amounts to 5,676,108 shares, reflecting his substantial investment and confidence in the company's value and growth potential.
InvestingPro Insights
Following the recent insider stock purchases by Alset Inc. (NASDAQ:AEI) CEO Chan Heng Fai Ambrose, investors may find additional context in the company's financial health and stock performance through InvestingPro metrics and tips. Alset Inc. currently holds a market capitalization of $10.81 million, with a notable revenue growth of 688.62% over the last twelve months as of Q1 2024, indicating a significant increase in the company's earnings. Despite this growth, the company has a negative Price/Earnings (P/E) ratio of -0.17, which may raise concerns about profitability.
Investors might also be interested in the Price/Book ratio, which at 0.12 as of Q1 2024, suggests that the stock is trading at a low valuation relative to the company's book value. This could be seen as a favorable entry point for value investors, according to one of the InvestingPro Tips. Additionally, another tip highlights that Alset Inc. has experienced a strong return over the last week with a 27.32% price total return, showcasing a recent uptick in investor confidence which may correlate with the CEO's recent share purchases.
For those interested in further insights, there are more than 13 additional InvestingPro Tips available, providing a deeper analysis of Alset Inc.'s stock performance and financial metrics. Investors looking to capitalize on these insights can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a more comprehensive investment toolset.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.