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 or perhaps shares may be sold to address tax implications when options and rights are exercised. 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. In addition, I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units. Furthermore, it can be of value to note if an insider’s share or unit balance (investment in the company) is trending higher or lower.
Listed below are two securities with recent buying activity in the public market.
Nexus Industrial REIT (NXR-UN-T)
Between July 11-15, Edwin McLaughlin bought a total of 23,372 units at an average price per unit of approximately $7.96 for an account that he has control or direction over, lifting the holdings in this specific account to 523,646 units. The cost of these purchases exceeded $186,000.
Mr. McLaughlin is a management executive or director of a company with an ownership position in Nexus that exceeds 10 per cent.
Whitecap Resources Inc. (WCP-T)
On July 10, president, chief executive officer and director Grant Fagerheim invested over $141,000 in shares of Whitecap. He purchased 15,000 shares at a cost per share of $9.43, increasing the holdings in this particular account to 3,185,745 shares.
The company pays its shareholders a monthly dividend of 6.08 cents per share, equating to a current annualized yield of 7.35 per cent.
On the first quarter earnings call held in April, Mr. Fagerheim stated, “Whitecap’s dividend is an important component of our total returns to shareholders and is fully funded at or below U.S. $50 WTI and in combination with the strength of our balance sheet, provides consistent and stable returns for shareholders through commodity price cycles.”
Management has maintained its monthly dividend at 6.08 cents per share since the fourth quarter of 2023.
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Listed below are two stocks with recent selling activity in the public market reported by insiders.
Endeavour Silver Corp. (EDV-T)
On July 14, vice president, operations Greg Blaylock exercised his options, receiving 69,032 shares at an average cost per share of approximately $3.89, and sold 69,032 shares at a price per share of $8, after which this particular account did not hold any shares. Net proceeds totaled more than $283,000, excluding any associated transaction fees.
EQB Inc. (EQB-T)
On July 10, senior vice president and group head, commercial banking Darren Lorimer exercised his options, receiving 2,000 shares at a cost per share of $33.89, and sold 2,000 shares at an average price per share of approximately $102.34 after which this particular account held 7,562 shares. Net proceeds exceeded $136,000, not including any associated transaction charges.