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. 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. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units.
Listed below is a security with recent buying activity in the public market reported by the CEO.
Northwest Healthcare Properties REIT (NWH-UN-T)
On Sept. 3, Zach Vaughan invested over $668,000 in units of this REIT. He acquired 135,000 units at an average price per unit of approximately $4.95, increasing the holding in this specific account to 335,000 units.
In July, Mr. Vaughan was appointed chief executive officer of Northwest.
The REIT pays its unitholders a monthly distribution of 3 cents per unit, or 36 cents per unit yearly, equating to a current annualized yield of 7 per cent. The distribution has been maintained at this level since late 2023. In the second quarter, the AFFO (adjusted funds from operations) payout ratio was 88 per cent.
Year-to-date, the unit price is up roughly 14 per cent.
The REIT has two “buy” recommendations and four “neutral” recommendations with an average target price of $5.57, according to data from LSEG.
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Listed below are three stocks with recent selling activity in the public market reported by insiders.
Bombardier Inc. (BBD-B-T)
On Aug. 28, executive vice president of aircraft sales and Bombardier Defense Jean-Christophe Gallagher divested 12,462 shares at a price per share of $161.2112 with 13,000 shares remaining in this particular account. Proceeds from the sale exceeded $2 million, excluding trading fees.
On Aug. 28, executive vice president, Bombardier aftermarket services and strategy Paul Sislian sold 12,500 shares at a price per share of $159.31, after which this particular account held 15,973 shares. Proceeds from the sale totaled nearly $2-million, excluding commission charges.
Gildan Activewear Inc. (GIL-T)
Between Aug. 26-28, president of manufacturing Benito Masi sold a total of 30,000 shares at an average price per share of approximately US$54.87, reducing the holdings in this particular account to 344,421 shares. Proceeds from the sales totaled more than US$1.6-million, excluding commission charges.
VitalHub Corp. (VHI-T)
On Aug. 28, chief financial officer Brian Goffenberg sold 150,000 shares at a price per share of $12.75 for an account in which he has indirect ownership (2514987 Ontario Inc.) with 520,001 shares remaining in this specific account. Proceeds from the sale exceeded $1.9 million, excluding trading fees.
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