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.
Let’s begin the report featuring two companies that have had insider buying activity.
Listed below are two securities that have had recent buying activity in the public market reported by insiders.
EQB Inc. (EQB-T)
Between July 15-20, Loblaw Companies Ltd. (L-T), with an ownership position exceeding 10 per cent, acquired a total of 30,100 shares at an average cost per share of approximately $144.21. The cost of these purchases exceeded $4.3 million, not including trading fees.
In a news release issued on July 14, management announced, “Loblaw Companies Limited announced today that, in connection with the closing of the sale of President’s Choice Bank and certain other affiliated entities to EQB Inc. and long-term strategic relationship with EQB, it has entered into an automatic share purchase plan (“ASPP”) with a broker in order to facilitate the purchase of common shares in the capital of EQB (“EQB common shares”).
“Purchases under the ASPP will be made by Loblaw’s broker pursuant to parameters set by Loblaw when it is not in possession of any material non-public information about EQB and its securities. The ASPP has been entered into in accordance with the requirements of the TSX and applicable Canadian securities laws. Pursuant to the terms of the ASPP, Loblaw’s broker may acquire up to an aggregate maximum number of EQB common shares that, when aggregated with the 8,457,601 EQB common shares acquired by Loblaw prior to the date of this Broker Agreement is equal to the lesser of (i) 10,600,000 shares, and (ii) 24.90 per cent of the aggregate issued and outstanding shares of the Issuer at any given time (the “Maximum Amount”). The ASPP will terminate once the Maximum Amount has been purchased by the broker, unless terminated earlier in accordance with its terms. Outside of the effective period of the ASPP, Loblaw may purchase EQB common shares at its discretion to the extent permitted by applicable law.”
StorageVault Canada Inc. (SVI-T)
On July 15, Access Self Storage Inc., with an ownership position exceeding 10 per cent, bought 89,700 shares at a cost per share of $4.601, increasing the holdings in this particular account to 136,992,005 shares. The cost of this investment exceeded $412,000.
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Listed below are two securities that have had recent selling activity in the public market reported by insiders.
Arras Minerals Corp. (ARK-X)
On July 9, president and director Darren Klinck sold 100,000 shares at a price per share of $1.53, leaving 667,581 shares in this particular account. Proceeds from the sale totaled $153,000, excluding commission charges.
Peyto Exploration and Development Corp. (PEY-T)
Between July 14-17, president and chief executive officer JP Lachance exercised his options, receiving a total of 35,000 shares at a cost per share of $10.73, and sold 35,000 shares at an average price per share of roughly $24.04, after which 534,813 shares remained in this particular account. Net proceeds totaled more than $465,000 not including trading fees.
Previously, we reported Derick Czember, vice president, land and business development, exercised his options on July 17, receiving 21,000 shares at a cost per share of $10.73, and sold 21,000 shares at a price per share of $24.25, after which 111,199 shares remained in this particular account. Net proceeds exceeded $283,000, excluding any associated transaction fees.