Potential Wenzhou Kangning Hospital Co., Ltd. (HKG:2120) shareholders may wish to note that the CFO & Executive Director, Hongyue Wang, recently bought HK$1.1m worth of stock, paying HK$24.19 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 18%.
Wenzhou Kangning Hospital Insider Transactions Over The Last Year
Notably, that recent purchase by Hongyue Wang is the biggest insider purchase of Wenzhou Kangning Hospital shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is HK$24.80. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Wenzhou Kangning Hospital insider decided to buy shares at close to current prices. Hongyue Wang was the only individual insider to buy shares in the last twelve months.
Hongyue Wang purchased 309.00k shares over the year. The average price per share was HK$21.91. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Wenzhou Kangning Hospital is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Wenzhou Kangning Hospital
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Wenzhou Kangning Hospital insiders own about HK$654m worth of shares. That equates to 36% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The Wenzhou Kangning Hospital 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. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Wenzhou Kangning Hospital. Nice! Of course, the future is what matters most. So if you are interested in Wenzhou Kangning Hospital, you should check out this free report on analyst forecasts for the company.
Of course Wenzhou Kangning Hospital may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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