Alset (NASDAQ:AEI) CEO Purchases $500,000.00 in Stock

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan bought 250,000 shares of the stock in a transaction dated 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 acquisition, the chief executive officer owned 5,261,719 shares of the company’s stock, valued at $10,523,438. The trade was a 4.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through 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 stock was sold at an average price of $0.98, for a total transaction of $98,382.20.

Alset Stock Down 1.5%

AEI stock traded down $0.02 during trading on Tuesday, reaching $1.33. The stock had a trading volume of 24,360 shares, compared to its average volume of 20,945. The company has a market capitalization of $51.74 million, a price-to-earnings ratio of -0.61 and a beta of 1.18. Alset Inc. has a one year low of $0.80 and a one year high of $4.55. The company’s 50 day moving average is $1.67 and its two-hundred day moving average is $2.27.

Alset (NASDAQ:AEI) last posted its earnings results on Thursday, May 14th. The company reported ($0.12) EPS for the quarter. The firm 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

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP bought a new stake in shares of Alset in the 4th quarter worth approximately $71,000. Two Sigma Investments LP bought a new position in Alset during the third quarter valued at $171,000. Empowered Funds LLC grew its holdings in Alset by 9.2% during the first quarter. Empowered Funds LLC now owns 121,467 shares of the company’s stock valued at $223,000 after purchasing an additional 10,213 shares during the period. Bridgeway Capital Management LLC bought a new position in Alset during the third quarter valued at $254,000. Finally, Vanguard Group Inc. grew its holdings in Alset by 2,757.1% during the third quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after purchasing an additional 596,572 shares during the period. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alset in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Alset

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.