Potential China Success Finance Group Holdings Limited (HKG: 3623) Shareholders may wish to note that Executive Chairman Tiewei Zhang recently bought HK $ 787,000 worth of shares, paying HK $ 0.93 for each share. However, it only increased participation by a small percentage, and it wasn’t a huge buy in absolute value either.
Check out our latest analysis for China Success Finance Group Holdings
China Success Finance Group Holdings Insider Transactions in the Past Year
In fact, the recent purchase by Tiewei Zhang was the largest insider buyout of China Success Finance Group Holdings shares in the past twelve months, according to our information. So it’s clear that an insider wanted to buy, roughly at the current price, which is HK $ 1.02. Of course, they might have changed their minds. But it does suggest that they are optimistic. If someone is buying stocks at prices well below current prices, that’s a good sign overall, but keep in mind that they may not see the value anymore. Fortunately, the insider of China Success Finance Group Holdings decided to buy shares at prices close to current prices. The only individual insider to buy in the past year was Tiewei Zhang.
Tiewei Zhang bought a total of 2.69 million shares during the year at an average price of HK $ 1.00. You can see insider trading (by companies and individuals) over the past year illustrated in the graph below. If you want to know exactly who sold, for how much and when, just click on the graph below!
China Success Finance Group Holdings is not the only one to buy. So take a look at this free list of growing companies with insider buying.
Does China Success Finance Group Holdings Benefit From High Insider Participation?
For an ordinary shareholder, it is worth checking the number of shares held by insiders of the company. High insider ownership often makes company executives more attentive to the interests of shareholders. Insiders of China Success Finance Group Holdings own 55% of the company, currently worth around HK $ 305 million based on the recent share price. This type of meaningful insider ownership generally increases the chances that the company will be run in the best interests of all shareholders.
So what does this data suggest about China Success Finance Group Holdings insiders?
It is certainly positive to see the recent insider buy. And an analysis of last year’s transactions also gives us confidence. However, we find that the company has not made a profit in the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest that China Success Finance Group Holdings insiders are well aligned and most likely think the stock price is too low. This is what I love to see! In addition to knowing the current insider transactions, it is useful to identify the risks facing China Success Finance Group Holdings. When we did our research we found 3 warning signs for China Success Finance Group Holdings (1 is potentially serious!) Which, in our opinion, deserves your full attention.
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For the purposes of this article, insiders are the people who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.
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