Man Kin Sun Is The Executive Director of UMP Healthcare Holdings Limited (HKG:722) And They Just Picked Up 24% More Shares
Potential UMP Healthcare Holdings Limited (HKG:722) shareholders may wish to note that the Executive Director, Man Kin Sun, recently bought HK$3.8m worth of stock, paying HK$1.22 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 24%.
Check out our latest analysis for UMP Healthcare Holdings
The Last 12 Months Of Insider Transactions At UMP Healthcare Holdings
Notably, that recent purchase by Man Kin Sun is the biggest insider purchase of UMP Healthcare Holdings shares that we've seen in the last year. That means that an insider was happy to buy shares at above the current price of HK$1.16. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. The only individual insider to buy over the last year was Man Kin Sun.
Man Kin Sun purchased 3.13m shares over the year. The average price per share was HK$1.22. 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!
UMP Healthcare Holdings 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.
Does UMP Healthcare Holdings Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that UMP Healthcare Holdings insiders own 36% of the company, worth about HK$319m. 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 Does This Data Suggest About UMP Healthcare Holdings Insiders?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about UMP Healthcare Holdings. That's what I like to see! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 2 warning signs for UMP Healthcare Holdings that deserve your attention before buying any shares.
But note: UMP Healthcare Holdings may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.
