The Additional Non-Independent Director of Tourism Finance Corporation of India Limited (NSE:TFCILTD), Koppara Thomas, Just Bought 27% More Shares

Those following along with Tourism Finance Corporation of India Limited (NSE:TFCILTD) will no doubt be intrigued by the recent purchase of shares by Koppara Thomas, Additional Non-Independent Director of the company, who spent a stonking ₹46m on stock at an average price of ₹38.14. Not only is that a big swing, but it increased their holding size by 27%, which is definitely great to see.

See our latest analysis for Tourism Finance Corporation of India

Tourism Finance Corporation of India Insider Transactions Over The Last Year

Notably, that recent purchase by Koppara Thomas is the biggest insider purchase of Tourism Finance Corporation of India shares that we've seen in the last year. That means that even when the share price was higher than ₹35.35 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Koppara Thomas was the only individual insider to buy shares in the last twelve months.

Koppara Thomas bought a total of 1.60m shares over the year at an average price of ₹38.00. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Tourism Finance Corporation of India

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Tourism Finance Corporation of India insiders own 22% of the company, worth about ₹635m. 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 Tourism Finance Corporation of India Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Tourism Finance Corporation of India. Nice! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 3 warning signs for Tourism Finance Corporation of India (1 can't be ignored) you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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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