Alset (NASDAQ:AEI) CEO Heng Fai Ambrose Chan Sells 100,390 Shares of Stock

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan sold 100,390 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $0.98, for a total value of $98,382.20. Following the transaction, the chief executive officer owned 1,891,279 shares of the company’s stock, valued at approximately $1,853,453.42. This represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Alset Trading Down 0.6%

Shares of NASDAQ AEI opened at $1.75 on Friday. The stock has a market capitalization of $68.08 million, a PE ratio of -0.61 and a beta of 1.38. Alset Inc. has a twelve month low of $0.70 and a twelve month high of $4.55. The stock has a fifty day simple moving average of $2.24 and a 200-day simple moving average of $2.62.

Alset (NASDAQ:AEI) last posted its earnings results on Tuesday, March 31st. The company reported ($1.41) earnings per share (EPS) for the quarter. Alset had a negative return on equity of 12.09% and a negative net margin of 105.02%.The firm had revenue of $1.30 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP acquired a new position in Alset during the 4th quarter worth $71,000. Two Sigma Investments LP purchased a new position in shares of Alset in the 3rd quarter valued at about $171,000. Bridgeway Capital Management LLC purchased a new position in shares of Alset in the 3rd quarter valued at about $254,000. Empowered Funds LLC grew its position in shares of Alset by 10.9% during the fourth quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock worth $383,000 after buying an additional 10,946 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Alset by 2,757.1% during the third quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock worth $1,564,000 after buying an additional 596,572 shares during the period. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alset 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.