Insider Buying: Alset (NASDAQ:AEI) CEO Purchases 250,000 Shares of Stock

Alset Inc. (NASDAQ:AEIGet Free Report) CEO Heng Fai Ambrose Chan acquired 250,000 shares of Alset stock in a transaction on Monday, June 8th. The shares were purchased at an average cost of $2.00 per share, with a total value of $500,000.00. Following the completion of the acquisition, the chief executive officer owned 5,261,719 shares of the company’s stock, valued at $10,523,438. This trade represents a 4.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, March 30th, Heng Fai Ambrose Chan sold 100,390 shares of Alset stock. The shares were sold at an average price of $0.98, for a total value of $98,382.20.

Alset Stock Performance

NASDAQ AEI traded down $0.02 on Tuesday, hitting $1.33. 24,360 shares of the stock traded hands, compared to its average volume of 20,945. The business’s fifty day moving average is $1.67 and its two-hundred day moving average is $2.27. Alset Inc. has a 12 month low of $0.80 and a 12 month high of $4.55. The firm has a market capitalization of $51.74 million, a price-to-earnings ratio of -0.61 and a beta of 1.18.

Alset (NASDAQ:AEIGet Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.12) earnings per share for the quarter. Alset had a negative net margin of 994.62% and a negative return on equity of 34.67%. The firm had revenue of $0.98 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Alset in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Get Our Latest Stock Analysis on Alset

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its stake in Alset by 10.9% in the 4th quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock valued at $383,000 after buying an additional 10,946 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Alset by 2,757.1% in the third quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after acquiring an additional 596,572 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Alset by 10.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 111,254 shares of the company’s stock valued at $383,000 after acquiring an additional 10,946 shares during the period. Two Sigma Investments LP bought a new position in shares of Alset in the third quarter valued at approximately $171,000. Finally, Dimensional Fund Advisors LP purchased a new position in Alset during the fourth quarter valued at approximately $71,000. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

About Alset

(Get Free Report)

Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm’s solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.

The company’s HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.

Further Reading

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