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 are four stocks with recent selling activity in the public market reported by insiders.
Exchange Income Corp. (EIF-T)
On Sept. 17, executive vice-chairman Duncan Jessiman sold 2,000 shares from his RRIF at a price per share of $71, after which this specific account held 106,098 shares. Proceeds from the sale totaled $142,000, excluding trading fees.
FirstService Corp. (FSV-T)
On Sept. 15, founder and chairman Jay Hennick sold 120,500 shares at a price per share of $285.6904 for an account in which he has indirect ownership (FSV Shares IV LP), after which this specific account did not hold any shares. Proceeds from the sale exceeded $34-million, excluding trading fees.
On Sept. 11, shares of FirstService closed at $288.17, a record high.
Jamieson Wellness Inc. (JWEL-T)
On Sept. 15, president, chief executive officer and director Mike Pilato exercised his options, receiving 24,080 shares at a cost per share of $25.75 and sold 24,080 shares at a price per share of $37 with 57,743 shares remaining in this particular account. Net proceeds totaled more than $270,000, not including any associated transaction fees.
Topicus.com Inc. (TOI-X)
On Sept. 15, Ramon Zanders, group CEO of Total Specific Solutions Blue, sold 7,992 shares at an average price per share of approximately $163.25, reducing the holdings in this particular account to 12,054 shares. Proceeds from the sale totaled more than $1.3 million, excluding commission charges.
Total Specific Solutions (TSS) is a subsidiary of Topicus.com.
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