Even if it’s not a huge purchase, we think it was good to see that Bei Bei Song, the VP, Purchasing & Procurement Director & Executive Director of Truly International Holdings Limited (HKG:732) recently shelled out HK$259k to buy stock, at HK$1.21 per share. That purchase might not be huge but it did increase their holding by 26%.
See our latest analysis for Truly International Holdings
Truly International Holdings Insider Transactions Over The Last Year
In fact, the recent purchase by VP, Purchasing & Procurement Director & Executive Director Bei Bei Song was not their only acquisition of Truly International Holdings shares this year. They previously made an even bigger purchase of HK$559k worth of shares at a price of HK$1.21 per share. That means that even when the share price was higher than HK$1.15 (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 is very important. 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. Bei Bei Song was the only individual insider to buy over the year.
Bei Bei Song bought 808.00k shares over the last 12 months at an average price of HK$1.20. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
SEHK:732 Recent Insider Trading, January 23rd 2020
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Truly International Holdings Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Truly International Holdings insiders own about HK$1.9b worth of shares (which is 46% 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.
What Might The Insider Transactions At Truly International Holdings Tell Us?
It’s certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Truly International Holdings. That’s what I like to see! 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.
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, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at [email protected]. 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. Simply Wall St has no position in the stocks mentioned.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.
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