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 stock that has had recent buying activity in the public market reported by the CEO.
Colliers International Group Inc. (CIGI-T)
Between May 12-14, global chairman and chief executive officer Jay Hennick invested over US$29-million in shares of Colliers. He purchased a total of 300,000 shares at an average price per share of approximately US$96.96 for an account in which he has indirect ownership (FSV Shares II LP), after which this specific account held 531,004 shares.
Year-to-date, the share price is down roughly 34 per cent.
**
Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Aecon Group Inc. (ARE-T)
On May 13, founder and chairman John Beck sold 20,000 shares at a price per share of $49.7671, after which this specific account held 201,417 shares. Proceeds from the sale totaled more than $995,000, excluding commission charges.
Year-to-date, the share price is up 45 per cent and has an impressive one-year price return of 138 per cent.
Linamar Corp. (LNR-T)
On May 14, Csaba Havasi, vice president of operations – Linamar Agriculture, sold 3,000 shares at a price per share of US$70.87 trimming the holdings in this particular account to 71,543 shares. Proceeds from the sale exceeded US$212,000, excluding trading fees.
Mullen Group Ltd. (MTL-T)
Between May 14-19, director Stephen Lockwood sold 11,062 shares at an average price per share of roughly $21.64 for an account in which he has control or direction over (Semalie Investments Ltd.), after which this specific account did not hold any shares. Proceeds from the sales exceeded $239,000, not including trading fees.
Mr. Lockwood is the former president and co-chief executive officer of Mullen Group.