Insider Buy: The International Housewares Retail Company Limited (HKG:1373) Co-Founder Just Bought 2.9% More Shares
Investors interested in International Housewares Retail Company Limited (HKG:1373) should certainly note that co-founder Lai Ha Ngai recently paid HK$2.67 per share to buy HK$2.6 million worth of shares. While a very decent buy in our eyes, it was proportionately a bit modest, increasing their stake by just 2.9%.
See our latest analysis for International Housewares Retail
The last 12 months of insider trading at International Housewares Retail
Notably, this recent buy by Lai Ha Ngai is the largest insider buy of International Housewares Retail stock we’ve seen in the past year. This implies that an insider found the current price of HK$2.78 per share attractive. Although their perspective has changed since the purchase, it at least suggests that they have confidence in the future of the company. While we always like to see insider buys, it makes less sense if the buys were made at much lower prices, as the opportunity they saw may have passed. The good news for International Housewares Retail shareholders is that insiders were buying close to the current price.
International Housewares Retail insiders may have bought shares in the past year, but they haven’t sold any. The chart below shows insider trading (by companies and individuals) over the past year. If you want to know exactly who sold, how much and when, just click on the chart below!
There are many other companies whose insiders buy shares. You probably do do not want to miss this free list of growing companies insiders are buying.
Examining the total insider holdings in a company can help you know if they are well aligned with common shareholders. We generally like to see fairly high levels of insider ownership. Insiders of International Housewares Retail own approximately HK$297 million in shares. This equals 15% of the business. This level of insider ownership is good, but just short of being particularly noteworthy. This certainly suggests a reasonable degree of alignment.
What could insider trading at International Housewares Retail tell us?
Recent insider buying is encouraging. We also rely on the longer-term picture of insider trading. Along with strong insider ownership, this analysis suggests that insiders are quite bullish on International Housewares Retail. That’s what I like to see! While we like to know what’s going on with insider ownership and trading, we also make sure to consider the risks a stock faces before making any investment decisions. During our analysis, we found that International Housewares Retail had 2 warning signs and it would be unwise to ignore them.
If you’d rather check out another company – one with potentially superior finances – then don’t miss this free list of attractive companies, which have a high return on equity and low debt.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.