Insider Shopping for: The Vice Chairman of Xi’an Haitian Antenna Applied sciences Co., Ltd. (HKG: 8227) simply purchased 3.1% extra shares
While it’s not a big buy, we think it’s good to see Ji Chen, vice chairman of Xi’an Haitian Antenna Technologies Co., Ltd. (HKG: 8227) recently spent HK $ 319,000 buying shares at HK $ 1.06 per share. While the purchase isn’t a big buy and only increases their stake by 3.1%, it can be interpreted as a good sign.
Check out our latest analysis for Xi’an Haitian Antenna Technologies
Xi’an Haitian Antenna Technologies insider deals last year
In fact, according to our records, Ji Chen’s most recent purchase was the largest purchase of Xi’an Haitian Antenna Technologies stock that an insider has made in the past twelve months. While we love to see inside buying, we find that this large purchase was well below its most recent price of HK $ 1.68. While this suggests that insiders are viewing the stock as undervalued at lower prices, this transaction doesn’t tell us much about what they think of current prices.
The following graph shows insider transactions (by companies and individuals) over the past year. If you click on the chart you will see all of the individual transactions including the stock price, the individual and the date!
SEHK: 8227 insider trading volume March 29, 2021
There are always plenty of stocks that insiders buy. If that suits your style, you can check or take a look at each inventory individually free List of companies. (Note: Insiders bought them).
Does Xi’an Haitian Antenna Technologies have high insider ownership?
Another way to test alignment between a company’s executives and other shareholders is to see how many stocks they own. A high level of insider responsibility often leads to corporate management taking greater account of the interests of shareholders. It appears that insiders at Xi’an Haitian Antenna Technologies own 10% of the company, valued at approximately HK $ 323 million. While this is a strong but not outstanding level of inside ownership, it is enough to indicate some consistency between management and smaller shareholders.
What could the insider deals at Xi’an Haitian Antenna Technologies tell us?
The recent insider buy is encouraging. We also trust the longer-term picture of insider transactions. On the other hand, the company made a loss over the past year, which makes us a little cautious. Combined with notable participation from insiders, these factors suggest that the insiders at Xi’an Haitian Antenna Technologies are well matched and may think the stock price is too low. Looks promising! While it is helpful to know what insiders are doing to buy or sell, it is also helpful to know the risks a particular company is facing. Case in point: we have discovered 3 warning signs for Xi’an Haitian Antenna Technologies You should be aware of this and concern 2 of them.
But note: Xi’an Haitian Antenna Technologies may not be the best stock to buy. So take a look at it free List of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are persons who report their transactions to the competent supervisory authority. We currently consider open market transactions and private sales, but not derivative transactions.
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