Insider Buying: Greenpro Capital (NASDAQ:GRNQ) CEO Buys $50,081.77 in Stock

Greenpro Capital Corp. (NASDAQ:GRNQ) CEO Chong Kuang Lee purchased 28,949 shares of the stock in a transaction dated Friday, May 29th. The stock was acquired at an average cost of $1.73 per share, with a total value of $50,081.77. Following the transaction, the chief executive officer directly owned 1,875,293 shares in the company, valued at approximately $3,244,256.89. This trade represents a 1.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Chong Kuang Lee also recently made the following trade(s):

• On Tuesday, April 28th, Chong Kuang Lee purchased 107,310 shares of Greenpro Capital stock. The stock was acquired at an average cost of $2.33 per share, with a total value of $250,032.30.

Greenpro Capital Stock Performance

Shares of GRNQ opened at $1.64 on Friday. The company has a 50 day moving average price of $2.22 and a 200-day moving average price of $1.93. Greenpro Capital Corp. has a fifty-two week low of $1.10 and a fifty-two week high of $3.18. The stock has a market capitalization of $29.57 million, a PE ratio of -4.21 and a beta of 0.96.

Greenpro Capital (NASDAQ:GRNQ) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.10) earnings per share for the quarter. Greenpro Capital had a negative return on equity of 31.13% and a negative net margin of 153.32%.The business had revenue of $0.41 million during the quarter.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GRNQ. DRW Securities LLC bought a new position in shares of Greenpro Capital during the 4th quarter worth approximately $30,000. Susquehanna International Group LLP bought a new position in shares of Greenpro Capital during the 3rd quarter worth approximately $34,000. Finally, Geode Capital Management LLC raised its stake 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 worth $143,000 after acquiring an additional 5,656 shares in the last quarter. Institutional investors own 0.87% of the company’s stock.

About Greenpro Capital

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.