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.
Osisko Metals Inc. (OM-T)
On Jan. 26, executive chairman John Burzynski bought 400,000 shares at a cost of 98.3 cents per share, increasing the holdings in this specific account to 11,345,335 shares. The cost of this purchase exceeded $393,000, excluding trading fees.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders. Over the past year, these three stocks have posted triple-digit gains.
First Majestic Silver Corp. (AG-T)
On Jan. 22 and 23, president and chief corporate development officer Mani Alkhafaji exercised his options, receiving a total of 45,000 shares at an average cost per share of approximately $8.19, and sold 45,000 shares at an average price per share of roughly $33.33 with 59,231 shares remaining in this particular account. Net proceeds totaled more than $1.1-million, not including any associated transaction fees.
Between Jan. 20-26, director Raymond Polman sold a total of 20,000 shares at an average price per share of roughly $34.80, after which this specific account held 110,667 shares. Proceeds from the sales totaled nearly $700,000, excluding commission charges.
Mr. Polman is the company’s former chief financial officer.
OR Royalties Inc. (OR-T)
Between Jan. 8-26, Guy Deshamais, vice president of project evaluation, exercised his options, receiving a total of 20,600 shares at a cost per share of $12.70 and sold 20,600 shares at an average price per share of approximately $58.60, after which this particular account held 24,814 shares. Net proceeds totaled more than $945,000, not including any associated transaction fees.
Previously, we reported vice president of corporate development Iain Farmer exercised his options on Jan. 20, receiving 26,900 shares at a cost per share of $12.70, and sold 26,900 shares at a price per share of $60.60 with 31,083 shares remaining in this particular account. Net proceeds exceeded $1.2-million, excluding any associated transaction fees.
Pan American Silver Corp. (PAAS-T)
On Jan. 23, senior vice president pf technical services and process optimization Martin Wafforn sold 10,000 shares at a price per share of $89.488, trimming the holdings in this particular account to 31,112 shares. Proceeds of the sale totaled nearly $900,000, excluding trading fees.