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

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan bought 250,000 shares of Alset stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of $2.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the chief executive officer owned 5,261,719 shares of the company’s stock, valued at approximately $10,523,438. This trade represents a 4.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $98,382.20.

Alset Stock Performance

Shares of NASDAQ:AEI opened at $1.36 on Friday. The firm has a market cap of $52.71 million, a PE ratio of -0.62 and a beta of 1.18. The firm’s 50 day simple moving average is $1.65 and its 200-day simple moving average is $2.25. Alset Inc. has a one year low of $0.80 and a one year high of $4.55.

Alset (NASDAQ:AEI) last issued its earnings results 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 return on equity of 34.67% and a negative net margin of 994.62%.

Wall Street Analyst Weigh In

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, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Alset

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP purchased a new position in Alset during the fourth quarter valued at approximately $71,000. Two Sigma Investments LP purchased a new position in Alset during the third quarter valued at approximately $171,000. Empowered Funds LLC increased 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 buying an additional 10,213 shares during the period. Bridgeway Capital Management LLC purchased a new position in Alset during the third quarter valued at approximately $254,000. Finally, Vanguard Group Inc. increased 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 buying an additional 596,572 shares during the period. 2.74% of the stock is owned by hedge funds and other institutional investors.

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.