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

Alset Inc. (NASDAQ:AEI) CEO Heng Fai Ambrose Chan sold 100,390 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $0.98, for a total value of $98,382.20. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alset Price Performance

Shares of AEI opened at $1.75 on Friday. The business’s 50-day moving average price is $2.21 and its 200-day moving average price is $2.61. Alset Inc. has a twelve month low of $0.70 and a twelve month high of $4.55. The stock has a market cap of $68.08 million, a PE ratio of -0.61 and a beta of 1.38.

Alset (NASDAQ:AEI) last announced its quarterly 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 during the quarter.

Institutional Trading of Alset

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Alset by 2,757.1% during the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after acquiring an additional 596,572 shares during the last quarter. Empowered Funds LLC increased its position in shares of Alset by 10.9% in the fourth quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock worth $383,000 after purchasing an additional 10,946 shares during the last quarter. Bridgeway Capital Management LLC increased its position 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 worth $383,000 after purchasing an additional 10,946 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Alset in the third quarter valued at approximately $171,000. Finally, Dimensional Fund Advisors LP bought a new stake in Alset during the fourth quarter valued at approximately $71,000. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Alset currently 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.