Insider Buying: Greenpro Capital (NASDAQ:GRNQ) CEO Acquires 28,949 Shares of Stock

Greenpro Capital Corp. (NASDAQ:GRNQ) CEO Chong Kuang Lee acquired 28,949 shares of the stock in a transaction on Friday, May 29th. The shares were bought at an average price of $1.73 per share, with a total value of $50,081.77. Following the purchase, the chief executive officer directly owned 1,875,293 shares of the company’s stock, valued at $3,244,256.89. The trade was a 1.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Chong Kuang Lee also recently made the following trade(s):

• On Tuesday, April 28th, Chong Kuang Lee acquired 107,310 shares of Greenpro Capital stock. The shares were bought at an average price of $2.33 per share, with a total value of $250,032.30.

Greenpro Capital Trading Down 0.4%

Shares of NASDAQ:GRNQ opened at $1.43 on Tuesday. The stock has a fifty day simple moving average of $2.25 and a two-hundred day simple moving average of $1.93. The stock has a market capitalization of $25.86 million, a price-to-earnings ratio of -3.68 and a beta of 0.97. Greenpro Capital Corp. has a 12-month low of $1.06 and a 12-month high of $3.18.

Greenpro Capital (NASDAQ:GRNQ) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $0.41 million for the quarter. Greenpro Capital had a negative net margin of 153.32% and a negative return on equity of 31.13%.

Institutional Trading of Greenpro Capital

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Greenpro Capital by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after acquiring an additional 5,656 shares during the period. DRW Securities LLC bought a new stake in shares of Greenpro Capital in the fourth quarter worth $30,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Greenpro Capital in the third quarter worth $34,000. Institutional investors own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Greenpro Capital in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Greenpro Capital presently has an average rating of “Sell”.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.