Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan Buys 6,034,537 Shares

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan acquired 6,034,537 shares of the stock in a transaction on Tuesday, September 24th. The shares were purchased 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 directly owns 19,264,692 shares of the company’s stock, valued at approximately $12,136,755.96. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, August 22nd, Heng Fai Ambrose Chan purchased 12,867 shares of Alset stock. The stock was acquired at an average price 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 acquired at an average cost 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 acquired at an average price of $0.90 per share, with a total value of $6,671.70.

Alset Stock Up 36.4 %

AEI stock opened at $1.50 on Friday. The business has a 50 day moving average of $1.10 and a 200 day moving average of $0.96. The firm has a market cap of $13.85 million, a PE ratio of -0.22 and a beta of 1.27. Alset Inc. has a twelve month low of $0.46 and a twelve month high of $2.05.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alset stock. StoneX Group Inc. purchased a new stake in shares of Alset Inc. (NASDAQ:AEI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned approximately 3.00% of Alset as of its most recent SEC filing. Institutional investors and hedge funds own 2.74% of the company’s stock.

About Alset

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.