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Potential China Yongda Automobiles Services Holdings Limited (HKG:3669) shareholders may wish to note that the Chairman of the Board of Directors, Tak On Cheung, recently bought HK$2.9m worth of stock, paying HK$5.78 for each share. Although the purchase only increased their holding by 0.08%, it is still a solid purchase in our view.
Check out our latest analysis for China Yongda Automobiles Services Holdings
China Yongda Automobiles Services Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Tak On Cheung is the biggest insider purchase of China Yongda Automobiles Services Holdings shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of HK$6.45. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for China Yongda Automobiles Services Holdings share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Tak On Cheung.
You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
China Yongda Automobiles Services Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that China Yongda Automobiles Services Holdings insiders own 40% of the company, worth about HK$4.3b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About China Yongda Automobiles Services Holdings Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest China Yongda Automobiles Services Holdings insiders are well aligned, and quite possibly think the share price is too low. Looks promising! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.