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Some Ocean One Holding Ltd. (HKG:8476) shareholders may be a little concerned to see that the Chairman & CEO, Kin Chan, recently sold a whopping HK$6.1m worth of stock at a price of HK$0.73 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 4.0%.
See our latest analysis for Ocean One Holding
The Last 12 Months Of Insider Transactions At Ocean One Holding
Notably, that recent sale by Kin Chan is the biggest insider sale of Ocean One Holding shares that we've seen in the last year. That means that even when the share price was below the current price of HK$0.79, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 4.0%of Kin Chan's holding.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Insider Ownership
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Ocean One Holding insiders own about HK$164m worth of shares (which is 75% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Ocean One Holding Insider Transactions Indicate?
An insider hasn't bought Ocean One Holding stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Ocean One Holding is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. To put this in context, take a look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
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