Key Points
- Alset CEO Heng Fai Ambrose Chan sold 100,390 shares on March 30 at an average price of $0.98 for about $98,382, reducing his stake by 5.04% to 1,891,279 shares valued at roughly $1.85M.
- Company fundamentals are weak: Alset reported a ($1.41) EPS for the quarter, negative ROE and a -105% net margin on $1.3M revenue, has a market cap near $68M, and the consensus/Weiss Ratings view is a "Sell".
Alset Inc. (NASDAQ:AEI - Get Free Report) CEO Heng Fai Ambrose Chan sold 100,390 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $0.98, for a total transaction of $98,382.20. Following the completion of the sale, the chief executive officer directly owned 1,891,279 shares in the company, valued at approximately $1,853,453.42. This represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Alset Trading Down 0.6%
Shares of AEI opened at $1.75 on Friday. The firm has a market capitalization of $68.08 million, a price-to-earnings ratio of -0.61 and a beta of 1.38. The firm's fifty day simple moving average is $2.24 and its 200-day simple moving average is $2.62. Alset Inc. has a twelve month low of $0.70 and a twelve month high of $4.55.
Alset (NASDAQ:AEI - Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported ($1.41) EPS for the quarter. Alset had a negative return on equity of 12.09% and a negative net margin of 105.02%.The firm had revenue of $1.30 million for the quarter.
Institutional Trading of Alset
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of Alset by 10.9% in the 4th quarter. Empowered Funds LLC now owns 111,254 shares of the company's stock valued at $383,000 after acquiring an additional 10,946 shares during the period. Vanguard Group Inc. grew its stake in shares of Alset by 2,757.1% in the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company's stock valued at $1,564,000 after purchasing an additional 596,572 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Alset by 10.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 111,254 shares of the company's stock valued at $383,000 after buying an additional 10,946 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Alset in the third quarter valued at about $171,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Alset in the 4th quarter valued at approximately $71,000. Institutional investors and hedge funds own 2.74% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Alset in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".
Check Out Our Latest Analysis on Alset
Alset Company Profile
(
Get Free Report)
Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm's solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.
The company's HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.
Further Reading
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