Chairman of the Board Chung Kiu Cheung Just Bought A Handful Of Shares In C C Land Holdings Limited (HKG:1224)
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Those following along with C C Land Holdings Limited (HKG:1224) will no doubt be intrigued by the recent purchase of shares by Chung Kiu Cheung, Chairman of the Board of the company, who spent a stonking HK$21m on stock at an average price of HK$1.77. While that only increased their holding size by 0.6%, it is still a big swing by our standards.
Check out our latest analysis for C C Land Holdings
C C Land Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Chairman of the Board Chung Kiu Cheung was not the only time they bought C C Land Holdings shares this year. Earlier in the year, they paid HK$1.66 per share in a HK$65m purchase. That implies that an insider found the current price of HK$1.74 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider bought shares at close to current prices. Chung Kiu Cheung was the only individual insider to buy during the last year.
Chung Kiu Cheung purchased 56.72m shares over the year. The average price per share was HK$1.70. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does C C Land Holdings Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. C C Land Holdings insiders own about HK$3.7b worth of shares (which is 54% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The C C Land Holdings Insider Transactions Indicate?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about C C Land Holdings. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 3 warning signs for C C Land Holdings (2 are a bit unpleasant!) and we strongly recommend you look at them before investing.