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 are two stocks with recent buying activity in the public market reported by insiders.
Aura Minerals Inc. (ORA-T)
Between June 11-13, chairman of the board Paulo Brito acquired a total of 25,200 shares at an average price per share of approximately $35.03 for an account in which he has indirect ownership (Northwestern Enterprises Ltd.), increasing the holdings in this specific account to 39,838,685 shares. The cost of these purchases totaled more than $882,000, not including trading fees.
Year-to-date, the share price has doubled, rising 101 per cent.
In May, the company paid its shareholders a dividend of U.S. 40 cents per common share.
The North West Company Inc. (NWC-T)
On June 17, chief information officer Vineet Gupta invested nearly $110,000 in shares of North West. He bought 2,200 shares at a cost per share of $49.95 for an account that he controls or directs, increasing the holdings in this specific account to 8,799 shares.
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Listed below are two stocks with recent selling activity in the public market reported by insiders.
CCL Industries Inc. (CCL-B-T)
On June 23 and 24, president of Checkpoint and group vice president of CCL Industries Central America Ben Lilienthal sold a total of 25,000 shares at a price per share of $78.50, reducing the holdings in this particular account to 75,069 shares. Proceeds from the sales exceeded $1.9-million, not including commission charges.
Franco-Nevada Corp. (FNV-T)
On June 23, director, president and chief executive officer Paul Brink exercised his options, receiving 14,251 shares at a cost per share of $65.76, and sold 14,251 shares at a price per share of $232.9067, after which this particular account held 244,424 shares. Net proceeds totaled more than $2.3 million, excluding any associated transaction fees.
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