Alset Inc. (NASDAQ:AEI) CEO Buys $48,471.35 in Stock

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan acquired 42,149 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were purchased at an average price of $1.15 per share, with a total value of $48,471.35. Following the completion of the transaction, the chief executive officer now owns 5,611,539 shares of the company’s stock, valued at $6,453,269.85. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, June 14th, Heng Fai Ambrose Chan acquired 10,672 shares of Alset stock. The shares were purchased at an average price of $1.09 per share, with a total value of $11,632.48.
• On Wednesday, June 12th, Heng Fai Ambrose Chan acquired 81,582 shares of Alset stock. The shares were purchased at an average price of $1.09 per share, with a total value of $88,924.38.
• On Monday, June 10th, Heng Fai Ambrose Chan bought 16,567 shares of Alset stock. The shares were bought at an average cost of $1.01 per share, for a total transaction of $16,732.67.
• On Thursday, June 6th, Heng Fai Ambrose Chan bought 6,753 shares of Alset stock. The shares were bought at an average cost of $1.11 per share, for a total transaction of $7,495.83.
• On Thursday, May 30th, Heng Fai Ambrose Chan bought 11,990 shares of Alset stock. The shares were bought at an average cost of $0.89 per share, for a total transaction of $10,671.10.
• On Friday, May 24th, Heng Fai Ambrose Chan bought 456,488 shares of Alset stock. The shares were bought at an average cost of $0.68 per share, for a total transaction of $310,411.84.
• On Tuesday, May 28th, Heng Fai Ambrose Chan acquired 67,215 shares of Alset stock. The stock was acquired at an average cost of $0.74 per share, for a total transaction of $49,739.10.

Alset Stock Performance

Shares of Alset stock traded down $0.07 during trading hours on Tuesday, reaching $1.15. The company’s stock had a trading volume of 148,135 shares, compared to its average volume of 85,919. The stock’s fifty day simple moving average is $0.71 and its two-hundred day simple moving average is $0.90. Alset Inc. has a one year low of $0.46 and a one year high of $2.04. The company has a market capitalization of $10.63 million, a P/E ratio of -0.19 and a beta of 1.04.

Alset (NASDAQ:AEI) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.73) earnings per share for the quarter. Alset had a negative net margin of 227.02% and a negative return on equity of 54.24%. The firm had revenue of $6.09 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Alset stock. StoneX Group Inc. acquired a new position in Alset Inc. (NASDAQ:AEI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 277,001 shares of the company’s stock, valued at approximately $193,000. StoneX Group Inc. owned 3.00% of Alset as of its most recent filing with the Securities & Exchange Commission. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

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.