Insider Selling: Alset Inc. (NASDAQ:AEI) Director Sells 300,000 Shares of Stock

Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan sold 300,000 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $1.03, for a total value of $309,000.00. Following the sale, the director now owns 1,253,904 shares of the company’s stock, valued at approximately $1,291,521.12. This represents a 19.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, April 4th, Heng Fai Ambrose Chan sold 180,000 shares of Alset stock. The shares were sold at an average price of $0.96, for a total transaction of $172,800.00.
• On Wednesday, April 2nd, Heng Fai Ambrose Chan sold 884,776 shares of Alset stock. The stock was sold at an average price of $0.60, for a total transaction of $530,865.60.
• On Wednesday, February 12th, Heng Fai Ambrose Chan acquired 20,244 shares of Alset stock. The shares were acquired at an average cost of $1.07 per share, with a total value of $21,661.08.
• On Thursday, February 6th, Heng Fai Ambrose Chan bought 141,060 shares of Alset stock. The stock was bought at an average cost of $0.99 per share, for a total transaction of $139,649.40.
• On Monday, January 27th, Heng Fai Ambrose Chan purchased 100,000 shares of Alset stock. The shares were bought at an average cost of $0.93 per share, with a total value of $93,000.00.
• On Wednesday, January 22nd, Heng Fai Ambrose Chan acquired 50,000 shares of Alset stock. The stock was bought at an average cost of $0.85 per share, for a total transaction of $42,500.00.

Alset Trading Down 9.4 %

Shares of NASDAQ:AEI opened at $0.83 on Friday. The stock has a 50 day moving average of $0.95 and a 200 day moving average of $1.13. The company has a market cap of $8.94 million, a PE ratio of -0.19 and a beta of 1.24. Alset Inc. has a 12-month low of $0.46 and a 12-month high of $2.61.

Alset (NASDAQ:AEI) last posted its quarterly earnings results on Monday, March 31st. The company reported $0.25 earnings per share for the quarter. The business had revenue of $8.94 million during the quarter. Alset had a negative net margin of 299.22% and a negative return on equity of 42.91%.

Alset Company Profile

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.