Even with Tourism Finance Corporation of India Limited (NSE:TFCILTD) stock down 11% this week, insiders who bought recently netted around ₹7.3m

By
Simply Wall St
Published
August 10, 2021
NSEI:TFCILTD
Source: Shutterstock

Insiders who bought Tourism Finance Corporation of India Limited (NSE:TFCILTD) stock lover the last 12 months are probably not as affected by last week’s 11% loss. Even after accounting for the recent loss, the ₹9.9m worth of stock purchased by them is now worth ₹17m or in other words, their investment continues to give good returns.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Tourism Finance Corporation of India

The Last 12 Months Of Insider Transactions At Tourism Finance Corporation of India

While no particular insider transaction stood out, we can still look at the overall trading.

Koppara Thomas bought a total of 253.00k shares over the year at an average price of ₹39.07. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NSEI:TFCILTD Insider Trading Volume August 11th 2021

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

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Tourism Finance Corporation of India insiders own about ₹1.1b worth of shares. That equates to 20% 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 Do The Tourism Finance Corporation of India Insider Transactions Indicate?

There haven't been any insider transactions in the last three months -- that doesn't mean much. However, our analysis of transactions over the last year is heartening. With high insider ownership and encouraging transactions, it seems like Tourism Finance Corporation of India insiders think the business has merit. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tourism Finance Corporation of India. At Simply Wall St, we've found that Tourism Finance Corporation of India has 3 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.

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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