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Even if it's not a huge purchase, we think it was good to see that Yuk-Lun Yim, the Chairman of Hi-Level Technology Holdings Limited (HKG:8113) recently shelled out HK$52k to buy stock, at HK$0.30 per share. However, we do note that it only increased their holding by 0.5%, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for Hi-Level Technology Holdings
Hi-Level Technology Holdings Insider Transactions Over The Last Year
Chairman Yuk-Lun Yim previously made an even bigger purchase of HK$63k worth of shares at a price of HK$0.30 per share. That means that an insider was happy to buy shares at around the current price of HK$0.31. 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. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Hi-Level Technology Holdings share holders is that an insider was buying at near the current price. Yuk-Lun Yim was the only individual insider to buy shares in the last twelve months.
Yuk-Lun Yim bought 1.13m shares over the last 12 months at an average price of HK$0.29. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Hi-Level Technology Holdings Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 29% of Hi-Level Technology Holdings shares, worth about HK$59m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The Hi-Level Technology Holdings Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss last year, which makes us a little cautious. Given that insiders also own a fair bit of Hi-Level Technology Holdings we think they are probably pretty confident of a bright future. Along with insider transactions, I recommend checking if Hi-Level Technology Holdings is growing revenue. This free chart of historic revenue and earnings should make that easy.