Alset (NASDAQ:AEI) Posts Quarterly Earnings Results

Alset (NASDAQ:AEI – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.14) earnings per share (EPS) for the quarter, Zacks reports. Alset had a negative return on equity of 34.67% and a negative net margin of 994.62%.

Alset Trading Up 14.5%

Shares of NASDAQ:AEI traded up $0.17 on Friday, hitting $1.34. 19,947 shares of the company were exchanged, compared to its average volume of 19,911. The firm has a market capitalization of $52.13 million, a P/E ratio of -0.61 and a beta of 1.24. Alset has a 1-year low of $1.00 and a 1-year high of $4.55. The stock’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.71.

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Insider Activity

In other news, CEO Heng Fai Ambrose Chan bought 250,000 shares of Alset stock in a transaction that occurred on Monday, June 8th. The stock was bought at an average price of $2.00 per share, for a total transaction of $500,000.00. Following the purchase, the chief executive officer directly owned 5,261,719 shares of the company’s stock, valued at approximately $10,523,438. The trade was a 4.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 90.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP purchased a new position in shares of Alset in the fourth quarter worth about $71,000. Two Sigma Investments LP acquired a new stake in shares of Alset during the third quarter worth about $171,000. Bridgeway Capital Management LLC purchased a new stake in Alset in the third quarter valued at approximately $254,000. Empowered Funds LLC increased its holdings in Alset by 10.9% in the 4th quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock worth $383,000 after buying an additional 10,946 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Alset by 2,757.1% in the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock worth $1,564,000 after buying an additional 596,572 shares during the period. 2.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Alset in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Alset currently has an average rating of “Sell”.

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Alset Company Profile

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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.

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