Insider Buying: The Sunac Services Holdings Limited (HKG:1516) Independent Non-Executive Director Just Bought 6,218% More Shares

While it might not be a big deal, we thought it was good to see that the Sunac Services Holdings Limited (HKG:1516) Independent non-executive director Lihong Wang recently purchased HK$326,000 worth of shares, at HK$5.43 per share. While not a massive buy, it increased their stake by 6,218%, which is probably a good sign.

Check out our latest analysis for Sunac Services Holdings

Sunac Services Holdings Insider Trading Over the Past Year

In fact, the recent purchase by Lihong Wang was the largest purchase of Sunac Services Holdings stock by an insider in the past twelve months, according to our records. It is therefore clear that an insider wanted to buy, even at a price higher than the current share price (ie HK$5.34). Their perspective may have changed since then, but it at least shows that they were feeling optimistic at the time. We always take careful note of the price paid by insiders when buying stocks. Generally, we are more positive about a stock when an insider has bought the stock at prices above the current price, as this suggests that they view the stock as good value, even at a higher price. raised. Lihong Wang was the only individual insider to buy shares in the past twelve months.

You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. If you want to know exactly who sold, how much and when, just click on the chart below!

SEHK:1516 Insider Trading Volume April 11, 2022

There are always plenty of stocks that insiders are buying. So if it suits your style you can check each stock one by one or you can take a look at this free list of companies. (Hint: insiders bought them).

Insider ownership

Another way to test alignment between a company’s executives and other shareholders is to look at how many shares they own. I think it’s a good sign if insiders have a significant number of shares in the company. Insiders own 2.4% of Sunac Services Holdings shares, worth approximately HK$394 million. We have certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest an alignment between insiders and other shareholders.

So what does this data suggest about Sunac Services Holdings insiders?

It is certainly positive to see the recent insider buying. And an analysis of last year’s transactions also gives us confidence. Once you factor in the strong insider ownership, it certainly seems like insiders are positive about Sunac Services Holdings. One for the watchlist, at least! So, while it is useful to know what insiders are doing in terms of buying or selling, it is also useful to know the risks that a particular company faces. To help you, we found 2 warning signs which you should browse to get a better picture of Sunac Services Holdings.

Sure Sunac Services Holdings may not be the best stock to buy. So you might want to see this free set of high quality companies.

For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.