Insider Buying: Genworth Mortgage Insurance Australia (GMA) Insider Acquires 23,000 Shares of Stock
Genworth Mortgage Insurance Australia (ASX:GMA) insider Gai McGrath bought 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were purchased at an average cost of A$2.17 ($1.54) per share, with a total value of A$49,864.00 ($35,364.54).
GMA stock traded down A$0.02 ($0.01) during trading hours on Friday, hitting A$2.34 ($1.66). 948,073 shares of the stock traded hands, compared to its average volume of 3,510,000. Genworth Mortgage Insurance Australia has a one year low of A$2.21 ($1.57) and a one year high of A$3.35 ($2.38). The company has a quick ratio of 0.06, a current ratio of 0.07 and a debt-to-equity ratio of 11.49.
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Genworth Mortgage Insurance Australia Limited, through its subsidiaries, engages in the loan mortgage insurance business in Australia. The company facilitates residential mortgage lending by transferring risk from lenders to lenders mortgage insurance (LMI) providers, primarily for high loan-to-value ratio residential mortgage loans.
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