Heng Fai Ambrose Chan Purchases 6,034,537 Shares of Alset Inc. (NASDAQ:AEI) Stock

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan acquired 6,034,537 shares of Alset stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of $0.63 per share, for a total transaction of $3,801,758.31. Following the completion of the transaction, the chief executive officer now directly owns 19,264,692 shares in the company, valued at $12,136,755.96. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, August 22nd, Heng Fai Ambrose Chan bought 12,867 shares of Alset stock. The shares were acquired at an average cost of $1.17 per share, for a total transaction of $15,054.39.
• On Monday, August 19th, Heng Fai Ambrose Chan purchased 20,000 shares of Alset stock. The shares were acquired at an average cost of $0.96 per share, with a total value of $19,200.00.
• On Friday, August 16th, Heng Fai Ambrose Chan acquired 7,413 shares of Alset stock. The stock was acquired at an average cost of $0.90 per share, for a total transaction of $6,671.70.

Alset Trading Up 36.4 %

Shares of AEI opened at $1.50 on Friday. The firm has a fifty day moving average price of $1.10 and a 200-day moving average price of $0.96. The firm has a market capitalization of $13.85 million, a P/E ratio of -0.22 and a beta of 1.27. Alset Inc. has a 12-month low of $0.46 and a 12-month high of $2.05.

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

Institutional Trading of Alset

An institutional investor recently bought a new position in Alset stock. StoneX Group Inc. bought a new stake in shares of Alset Inc. (NASDAQ:AEI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.