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 stocks that have had recent insider buying activity.
Bank of Nova Scotia (BNS-T)
On Sept. 12, president and chief executive officer Brian Porter purchased over $375,000 worth of stock. He acquired 5,000 shares at a price per share of $75.1834, raising his portfolio’s holdings to 119,692 shares.
Last week, we reported that three directors were buyers in the public market. In a transaction valued at over $1-million, Aaron Regent purchased 13,400 shares at an average cost per share of approximately $74.91 on Sept. 7, increasing his portfolio’s position to 45,777 shares. On Aug. 30, Scott Bonham acquired 500 shares at a price per share of U.S.$58.5699, lifting his account balance to 1,500 shares. Lastly, Tiff Macklem, who sits on the board of directors and is the Dean at the University of Toronto’s Rotman School of Management, made a small purchase on Aug. 30. He acquired 190 shares at a cost per share of $76.0668, raising his portfolio’s holdings to 1,300 shares.
Delphi Energy Corp. (DEE-T)
On Sept. 13, Lamont Tolley, who sits on the board of directors, bought 89,500 shares at a price per share of 72 cents. The previous week, on Sept. 5, he purchased 100,000 shares at a cost per share of 69 cents. After these two transactions, his account held 289,500 shares.
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The following three stocks have had recent selling activity reported by insiders.
B2Gold Corp. (BTO-T)
Between Sept. 4 and Sept. 12, Roger Richer, executive vice-president, general counsel and secretary, exercised his options and sold the corresponding number of shares received (200,000) at an average price per share of approximately $2.98, leaving 2,850,000 shares in his portfolio.
Loblaw Companies Ltd. (L-T)
On Sept. 5, the following three insiders reported sales in the public market.
Barry Columb, president at President’s Choice Financial, exercised his options and sold the corresponding number of shares received (10,000) at a price per share of $69.3771, leaving 3,917 shares in his account.
Jocyanne Bourdeau, president - discount division, exercised her options and sold the corresponding number of shares received (3,500) at a price per share of $69.50, eliminating her portfolio’s position.
Chief operating officer Mike Motz exercised his options and sold the corresponding number of shares received (5,018) at a price per share of $68.6233, leaving 42,947 shares in his account.
Savaria Corp. (SIS-T)
This month, two directors have been recent sellers in the market.
On Sept. 10, Sylvain Dumoulin sold 5,000 shares at a price per share of $20.60, trimming his account balance to 70,000 shares.
On Sept. 5, Peter Drutz divested 5,000 shares at a price per share of $19.79, reducing his portfolio’s holdings to 129,566 shares.