Alset Inc. (NASDAQ:AEI) CEO Purchases $3,801,758.31 in Stock

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan bought 6,034,537 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was acquired at an average cost of $0.63 per share, with a total value of $3,801,758.31. Following the transaction, the chief executive officer now owns 19,264,692 shares in the company, valued at approximately $12,136,755.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, August 22nd, Heng Fai Ambrose Chan acquired 12,867 shares of Alset stock. The shares were bought at an average cost of $1.17 per share, with a total value of $15,054.39.
• On Monday, August 19th, Heng Fai Ambrose Chan acquired 20,000 shares of Alset stock. The shares were bought at an average price of $0.96 per share, for a total transaction of $19,200.00.
• On Friday, August 16th, Heng Fai Ambrose Chan bought 7,413 shares of Alset stock. The shares were bought at an average price of $0.90 per share, with a total value of $6,671.70.

Alset Price Performance

AEI stock opened at $1.50 on Friday. Alset Inc. has a 1 year low of $0.46 and a 1 year high of $2.05. The company has a market cap of $13.85 million, a P/E ratio of -0.22 and a beta of 1.27. The stock’s fifty day moving average price is $1.10 and its 200-day moving average price is $0.96.

Alset (NASDAQ:AEI) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $1.13 million during the quarter. Alset had a negative return on equity of 56.77% and a negative net margin of 620.33%.

Institutional Trading of Alset

A hedge fund recently bought a new stake in Alset stock. StoneX Group Inc. bought a new position in shares of Alset Inc. (NASDAQ:AEI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned 3.00% of Alset at the end of the most recent quarter. 2.74% of the stock is owned by hedge funds and other institutional investors.

Alset Company Profile

Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.