Alset (NASDAQ:AEI) CEO Heng Fai Ambrose Chan Acquires 250,000 Shares

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan bought 250,000 shares of Alset stock in a transaction that occurred on Monday, June 8th. The stock was purchased at an average price of $2.00 per share, with a total value of $500,000.00. Following the purchase, the chief executive officer directly owned 5,261,719 shares in the company, valued at $10,523,438. The trade was a 4.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 stock was sold at an average price of $0.98, for a total value of $98,382.20.

Alset Stock Performance

Shares of AEI opened at $1.33 on Wednesday. The business’s 50-day moving average is $1.67 and its two-hundred day moving average is $2.26. The company has a market capitalization of $51.74 million, a P/E ratio of -0.61 and a beta of 1.18. Alset Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $4.55.

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

Institutional Investors Weigh In On Alset

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new stake in shares of Alset during the 4th quarter valued at about $71,000. Two Sigma Investments LP acquired a new stake in shares of Alset during the 3rd quarter valued at about $171,000. Empowered Funds LLC grew its position in shares of Alset by 9.2% during the 1st quarter. Empowered Funds LLC now owns 121,467 shares of the company’s stock valued at $223,000 after acquiring an additional 10,213 shares during the period. Bridgeway Capital Management LLC acquired a new stake in shares of Alset during the 3rd quarter valued at about $254,000. Finally, Vanguard Group Inc. grew its position in shares of Alset by 2,757.1% during the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after acquiring an additional 596,572 shares during the period. 2.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.