Non-Executive Non-Independent Director Ganapathy Vishwanathan Just Bought 8.7% More Shares In Genesys International Corporation Limited (NSE:GENESYS)

Whilst it may not be a huge deal, we thought it was good to see that the Genesys International Corporation Limited (NSE:GENESYS) Non-Executive Non-Independent Director, Ganapathy Vishwanathan, recently bought ₹6.1m worth of stock, for ₹55.40 per share. Although the purchase is not a big one, increasing their shareholding by only 8.7%, it can be interpreted as a good sign.

See our latest analysis for Genesys International

The Last 12 Months Of Insider Transactions At Genesys International

In fact, the recent purchase by Non-Executive Non-Independent Director Ganapathy Vishwanathan was not their only acquisition of Genesys International shares this year. They previously made an even bigger purchase of ₹22m worth of shares at a price of ₹21.05 per share. We do like to see buying, but this purchase was made at well below the current price of ₹52.60. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Ganapathy Vishwanathan bought 1.43m shares over the last 12 months at an average price of ₹28.66. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Genesys International 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 of Genesys International

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Genesys International insiders own about ₹612m worth of shares. That equates to 37% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Genesys International Insiders?

It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Genesys International insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Genesys International. At Simply Wall St, we've found that Genesys International has 3 warning signs (1 is significant!) that deserve your attention before going any further with your analysis.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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