Heng Fai Ambrose Chan Buys 250,000 Shares of Alset (NASDAQ:AEI) Stock

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan acquired 250,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of $2.00 per share, with a total value of $500,000.00. Following the purchase, the chief executive officer owned 5,261,719 shares in the company, valued at approximately $10,523,438. The trade was a 4.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 30th, Heng Fai Ambrose Chan sold 100,390 shares of Alset stock. The shares were sold at an average price of $0.98, for a total transaction of $98,382.20.

Alset Price Performance

NASDAQ AEI opened at $1.34 on Thursday. Alset Inc. has a 12 month low of $0.80 and a 12 month high of $4.55. The company has a 50-day moving average of $1.66 and a 200-day moving average of $2.26. The company has a market cap of $52.13 million, a P/E ratio of -0.61 and a beta of 1.18.

Alset (NASDAQ:AEI) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.12) EPS for the quarter. The company had revenue of $0.98 million for the quarter. Alset had a negative net margin of 994.62% and a negative return on equity of 34.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Alset

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC increased its position in Alset by 9.2% during the 1st quarter. Empowered Funds LLC now owns 121,467 shares of the company’s stock worth $223,000 after purchasing an additional 10,213 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Alset by 10.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 111,254 shares of the company’s stock worth $383,000 after acquiring an additional 10,946 shares during the period. Dimensional Fund Advisors LP purchased a new position in Alset in the 4th quarter worth approximately $71,000. Two Sigma Investments LP purchased a new position in Alset in the 3rd quarter worth approximately $171,000. Finally, Vanguard Group Inc. boosted its holdings in Alset by 2,757.1% in the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock worth $1,564,000 after acquiring an additional 596,572 shares during the period. Institutional investors and hedge funds own 2.74% of the company’s stock.

Alset Company Profile

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.