Alset (NASDAQ:AEI) Releases Earnings Results

Alset (NASDAQ:AEI) issued its quarterly earnings results on Friday. The company reported $0.05 EPS for the quarter, Zacks reports. Alset had a negative return on equity of 14.31% and a negative net margin of 77.86%.

Alset Trading Down 6.2%

Alset stock traded down $0.16 during midday trading on Friday, reaching $2.42. The stock had a trading volume of 26,760 shares, compared to its average volume of 66,753. Alset has a 12 month low of $0.70 and a 12 month high of $4.55. The firm’s 50-day moving average price is $2.74 and its 200 day moving average price is $1.67.

Insider Buying and Selling at Alset

In other news, CEO Heng Fai Ambrose Chan sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $2.67, for a total value of $1,335,000.00. Following the sale, the chief executive officer owned 31,322,903 shares of the company’s stock, valued at $83,632,151.01. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 90.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Two Sigma Investments LP purchased a new stake in shares of Alset during the third quarter worth $171,000. Bridgeway Capital Management LLC purchased a new position in shares of Alset in the third quarter valued at $254,000. Finally, Vanguard Group Inc. raised its stake 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 purchasing an additional 596,572 shares during the period. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AEI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alset in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Alset to a “sell” rating in a report on Saturday, October 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

About Alset

Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.