Insider Selling: Alset (NASDAQ:AEI) CEO Sells $98,382.20 in Stock

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan sold 100,390 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $0.98, for a total transaction of $98,382.20. Following the completion of the sale, the chief executive officer directly owned 1,891,279 shares of the company’s stock, valued at $1,853,453.42. The trade was a 5.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Alset Price Performance

NASDAQ AEI opened at $1.75 on Friday. The firm has a market cap of $68.08 million, a P/E ratio of -0.61 and a beta of 1.38. Alset Inc. has a 52-week low of $0.70 and a 52-week high of $4.55. The business’s 50-day moving average price is $2.21 and its 200 day moving average price is $2.60.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised 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 worth $1,564,000 after purchasing an additional 596,572 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Alset by 10.9% in the 4th quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock valued at $383,000 after buying an additional 10,946 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of Alset by 10.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 111,254 shares of the company’s stock valued at $383,000 after buying an additional 10,946 shares in the last quarter. Two Sigma Investments LP acquired a new position in Alset during the third quarter worth $171,000. Finally, Dimensional Fund Advisors LP purchased a new position in Alset in the fourth quarter worth $71,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

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.