This Insider Has Just Sold Shares In DIT Group Limited (HKG:726) - Simply Wall St
Some DIT Group Limited (HKG:726) shareholders may be a little concerned to see that insider Yuehai Zhu recently sold a substantial HK$303m worth of stock at a price of HK$0.31 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 100% of their entire holding.
See our latest analysis for DIT Group
DIT Group Insider Transactions Over The Last Year
In fact, the recent sale by Yuehai Zhu was the biggest sale of DIT Group shares made by an insider individual in the last twelve months, according to our records. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of HK$0.25. So it may not tell us anything about how insiders feel about the current share price.
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!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
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 appears that DIT Group insiders own 8.9% of the company, worth about HK$246m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At DIT Group Tell Us?
An insider sold stock recently, but they haven’t been buying. And even if we look at the last year, we didn’t see any purchases. On the plus side, DIT Group makes money, and is growing profits. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing DIT Group. For example, DIT Group has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
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, but not derivative transactions.
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This article by Simply Wall St is general in nature. 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.
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