Key Points
- Greenpro Capital CEO Chong Kuang Lee bought 65,591 shares on June 30 at an average price of $1.52, a transaction worth about $99,698.32. After the purchase, he owned 1,940,884 shares, increasing his stake by 3.50%.
- Lee has been actively buying the stock in recent months, including purchases of 28,949 shares on May 29 and 107,310 shares on April 28. The repeated insider buying may signal confidence in the company.
- GRNQ shares were up 1.1% and opened at $1.45, while the company continues to post weak fundamentals, including a recent quarterly loss of $0.10 per share and negative margins. Analyst sentiment remains cautious, with Weiss Ratings reiterating a sell rating.
Greenpro Capital Corp. (NASDAQ:GRNQ - Get Free Report) CEO Chong Kuang Lee acquired 65,591 shares of the company's stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $1.52 per share, with a total value of $99,698.32. Following the completion of the purchase, the chief executive officer owned 1,940,884 shares in the company, valued at approximately $2,950,143.68. This represents a 3.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Chong Kuang Lee also recently made the following trade(s):
- On Friday, May 29th, Chong Kuang Lee bought 28,949 shares of Greenpro Capital stock. The shares were bought at an average price of $1.73 per share, for a total transaction of $50,081.77.
- On Tuesday, April 28th, Chong Kuang Lee purchased 107,310 shares of Greenpro Capital stock. The shares were bought at an average cost of $2.33 per share, with a total value of $250,032.30.
Greenpro Capital Stock Up 1.1%
Shares of NASDAQ:GRNQ opened at $1.45 on Tuesday. Greenpro Capital Corp. has a 52-week low of $1.21 and a 52-week high of $3.18. The stock's fifty day simple moving average is $1.67 and its 200-day simple moving average is $1.91. The company has a market capitalization of $26.07 million, a P/E ratio of -3.71 and a beta of 0.95.
Greenpro Capital (NASDAQ:GRNQ - Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.10) EPS for the quarter. Greenpro Capital had a negative return on equity of 31.13% and a negative net margin of 153.32%.The company had revenue of $0.41 million for the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Greenpro Capital in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".
View Our Latest Stock Report on Greenpro Capital
Institutional Investors Weigh In On Greenpro Capital
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new position in shares of Greenpro Capital in the 3rd quarter valued at about $34,000. DRW Securities LLC purchased a new position in Greenpro Capital in the fourth quarter valued at approximately $30,000. Finally, Geode Capital Management LLC raised its holdings in Greenpro Capital by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company's stock valued at $143,000 after buying an additional 5,656 shares during the period. 0.87% of the stock is currently owned by institutional investors and hedge funds.
Greenpro Capital Company Profile
(
Get Free Report)
Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.
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