Those following along with Tsaker New Energy Tech Co., Limited (HKG:1986) will no doubt be intrigued by the recent purchase of shares by Deyuan Pan, Non-Executive Director of the company, who spent a stonking HK$17m on stock at an average price of HK$0.81. Not only is that a big swing, but it increased their holding size by 43%, which is definitely great to see.
View our latest analysis for Tsaker New Energy Tech
The Last 12 Months Of Insider Transactions At Tsaker New Energy Tech
In fact, the recent purchase by Deyuan Pan was the biggest purchase of Tsaker New Energy Tech shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is HK$0.83. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Tsaker New Energy Tech share holders is that an insider was buying at near the current price. Deyuan Pan was the only individual insider to buy during the last year.
Deyuan Pan bought a total of 24.02m shares over the year at an average price of HK$0.81. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership Of Tsaker New Energy Tech
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Tsaker New Energy Tech insiders own 60% of the company, worth about HK$483m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Tsaker New Energy Tech Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Tsaker New Energy Tech insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tsaker New Energy Tech. Be aware that Tsaker New Energy Tech is showing 4 warning signs in our investment analysis, and 2 of those are significant...
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 of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.