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 an insider.
Artemis Gold Inc. (ARTG-X)
Between May 8-21, director Ryan Beedie invested over $2.7 million in shares of Artemis Gold. He purchased a total of 81,300 shares at an average price per share of approximately $33.87 for an account in which he has indirect ownership (Beedie Holdings Ltd.), after which this specific account held 116,800 shares.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
AltaGas Ltd. (ALA-T)
On May 22, Deborah Stein sold 2,100 shares at a price per share of $54.17, leaving 18,000 shares in this particular account. Proceeds from the sale totaled more than $113,000, not including commission charges.
Ms. Stein is the former chief financial officer of AltaGas and currently serves on the board of directors of Aecon Group Inc. (ARE-T) and Trican Well Services Ltd. (TCW-T).
Precision Drilling Corp. (PD-T)
On May 18 and 19, chief operating officer Gene Stahl sold a total of 12,316 shares at an average price per share of approximately US$99.10, reducing the holdings in this specific account to 60,005 shares. Proceeds from the sales totaled more than US$1.2-million, excluding commission charges.
Year-to-date, the share price of this small-cap energy stock is up approximately 28 per cent.
Surge Energy Inc. (SGY-T)
On May 14 and 15, senior vice president of land and business development Margaret Elekes sold a total of 75,000 shares at an average price per share of approximately $10.03, reducing the holdings in this particular account to 129,921 shares. Proceeds from the sales exceeded $752,000, excluding trading fees.
Year-to-date, the share price of this small-cap energy stock has rallied roughly 38 per cent.