Insider Buying: Greenpro Capital (NASDAQ:GRNQ) CEO Purchases 107,310 Shares of Stock

Greenpro Capital Corp. (NASDAQ:GRNQ) CEO Chong Kuang Lee bought 107,310 shares of Greenpro Capital stock in a transaction on Tuesday, April 28th. The stock was acquired at an average cost of $2.33 per share, for a total transaction of $250,032.30. Following the acquisition, the chief executive officer owned 1,846,344 shares in the company, valued at approximately $4,301,981.52. This represents a 6.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Greenpro Capital Stock Up 12.2%

Shares of GRNQ stock traded up $0.28 during trading hours on Thursday, reaching $2.54. The company’s stock had a trading volume of 22,918 shares, compared to its average volume of 22,746. The firm’s 50 day simple moving average is $2.31 and its 200-day simple moving average is $1.90. The company has a market capitalization of $21.87 million, a price-to-earnings ratio of -6.85 and a beta of 1.17. Greenpro Capital Corp. has a fifty-two week low of $0.83 and a fifty-two week high of $3.18.

Institutional Investors Weigh In On Greenpro Capital

Several hedge funds have recently modified their holdings of GRNQ. Susquehanna International Group LLP acquired a new stake in shares of Greenpro Capital during the 3rd quarter valued at $34,000. Geode Capital Management LLC boosted its holdings in shares of Greenpro Capital by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock valued at $143,000 after acquiring an additional 5,656 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Greenpro Capital during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Greenpro Capital in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Greenpro Capital Company Profile

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.