Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over. The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons or perhaps shares may be sold to address tax implications when options and rights are exercised. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. In addition, I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units. Furthermore, it can be of value to note if an insider’s share or unit balance (investment in the company) is trending higher or lower.
Listed below are two securities that have had recent buying activity in the public market reported by CEOs.
Bird Construction Inc. (BDT-T)
Between March 13-18, president, chief executive officer and director Teri McKibbon invested $707,000 in shares of Bird Construction. He purchased a total of 20,000 shares at an average price per share of $35.35 for an account in which he has control or direction over (Terrance McKibbon and Kerri-Lynne McKibbon), after which this specific account held 206,500 shares.
The company pays its shareholders a monthly dividend of 7 cents per share.
Chemtrade Logistics Income Fund (CHE-UN-T)
On March 16, president, chief executive officer and trustee Scott Rook acquired 8,085 units at a price per unit of $15.24, increasing the holdings in this particular account to 145,891 units. The cost of this investment exceeded $123,000.
Chemtrade pays its unitholders a monthly distribution of 6 cents per unit.
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
Empire Company Ltd. (EMP-A-T)
On March 16 and 17, general counsel and chief pharmacy and development officer Doug Nathanson sold a total of 4,000 shares at an average price per share of roughly $50.93 leaving 16,389 shares in this particular account. Proceeds from the sales totaled more than $203,000, not including trading fees.
Transcontinental Inc. (TCL-A-T)
On March 16, chief financial officer Donald LeCavalier sold 13,900 shares at a price per share of $23.61. Proceeds from the sale totaled more than $328,000, excluding trading fees. After this transaction, this particular account held 18,850 shares.
On March 17, chief legal officer and corporate secretary Christine Desaulniers divested 10,000 shares at a price per share of $23.70 reducing the holdings in this particular account to 10,000 shares. Proceeds from the sale totaled $237,000, not including commission charges.