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 that have had recent buying activity in the public market reported by insiders.
Advantage Energy Ltd. (AAV-T)
On June 17, director Daniel Farb invested over $244,000 in shares of Advantage Energy. He bought 25,000 shares at a price per share of $9.77, increasing the holdings in this particular account to 75,000 shares.
Previously, we reported chair of the board of directors and interim chief executive officer John Festival invested $480,000 in shares of Advantage Energy on June 16. He acquired 50,000 shares at a price per share of $9.60, increasing the holdings in this particular account to 300,000 shares.
AGT Food and Ingredients Inc. (AGTF-T)
On June 17, Fairfax Financial Holdings Ltd. (FFH-T), with an ownership position exceeding 10 per cent, bought 250,000 shares at a price per share of $17.53, increasing the holdings in this particular account to 10,586,838 shares. The cost of this purchase exceeded $4.3 million.
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
Canadian Imperial Bank of Commerce (CM-T)
On June 23, senior executive vice president and chief risk officer Frank Guse exercised his options, receiving 6,324 shares at a cost per share of $54.935, and sold 6,324 shares at a price per share of $163.2085, after which 1,359 shares remained in this specific account. Net proceeds exceeded $684,000, excluding any associated transaction fees.
Royal Bank of Canada (RY-T)
One June 22, chief risk officer Graeme Hepworth exercised his options, receiving 1,463 shares at a cost per share of $90.23, and sold 1,463 shares at a price per share of $284.8553, after which this particular account did not hold any shares. Net proceeds exceeded $284,000, excluding any associated transaction fees.
On June 22, group head of artificial intelligence Bruce Ross exercised his options, receiving 3,657 shares at a cost per share of $90.23, and sold 3,657 shares at a price per share of $284.8553, after which 35 shares remained in this particular account. Net proceeds exceeded $711,000, not including any associated transaction charges.
Previously, we reported Mr. Ross exercised his options between June 5-12, receiving a total of 80,454 shares at an average cost per share of approximately $100.29, and sold 80,454 shares at an average price per share of roughly $275.28. Net proceeds exceeded $14 million, excluding any associated transaction fees.