Insider Buying: Alset Inc. (NASDAQ:AEI) CEO Buys $3,801,758.31 in Stock

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan bought 6,034,537 shares of Alset stock in a transaction dated Tuesday, September 24th. The shares were bought at an average price of $0.63 per share, for a total transaction of $3,801,758.31. Following the completion of the transaction, the chief executive officer now directly owns 19,264,692 shares of the company’s stock, valued at approximately $12,136,755.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Heng Fai Ambrose Chan also recently made the following trade(s):

• On Thursday, August 22nd, Heng Fai Ambrose Chan acquired 12,867 shares of Alset stock. The stock was purchased at an average price of $1.17 per share, for a total transaction of $15,054.39.
• On Monday, August 19th, Heng Fai Ambrose Chan purchased 20,000 shares of Alset stock. The stock was purchased at an average price of $0.96 per share, for a total transaction of $19,200.00.
• On Friday, August 16th, Heng Fai Ambrose Chan bought 7,413 shares of Alset stock. The stock was acquired at an average cost of $0.90 per share, for a total transaction of $6,671.70.

Alset Price Performance

Shares of NASDAQ AEI opened at $1.50 on Monday. The company’s 50 day simple moving average is $1.10 and its 200 day simple moving average is $0.96. Alset Inc. has a fifty-two week low of $0.46 and a fifty-two week high of $2.05. The firm has a market capitalization of $13.85 million, a P/E ratio of -0.22 and a beta of 1.27.

Alset (NASDAQ:AEI) last released its earnings results on Tuesday, August 13th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $1.13 million during the quarter. Alset had a negative net margin of 620.33% and a negative return on equity of 56.77%.

Hedge Funds Weigh In On Alset

An institutional investor recently bought a new position in Alset stock. StoneX Group Inc. purchased a new position in Alset Inc. (NASDAQ:AEI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned approximately 3.00% of Alset at the end of the most recent reporting period. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

Alset Company Profile

Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.