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 three stocks that have had recent insider buying activity.
Atlantic Power Corp. (ATP-T)
Between June 14 and June 18, director Irving Gerstein was a buyer in the market, acquiring a total of 125,000 shares in his personal account, initiating a portfolio position. In addition, on June 14, he accumulated 32,300 shares at a price per share of $2.81 for an account in which he has indirect ownership (CAMF Holdings Ltd.), taking the account balance up to 100,000 shares.
Bank of Nova Scotia (BNS-T)
On June 11, Michael Penner, who was appointed to the board of directors in June 2017, bought 10,000 shares at a price per share of US$58.25 for an account in which he has indirect ownership (8259208 Canada Inc.), lifting the account’s holding to 11,252 shares.
On June 1, director Aaron Regent acquired 13,000 shares at a price per share of $76.95, raising his portfolio’s holdings to 32,377 shares.
Earlier this month, we reported that Scott Thomson, who sits on the board of directors, purchased 1,900 shares at a cost per share of $77.2458 on June 1, increasing his portfolio’s position to 6,500 shares.
Crew Energy Inc. (CR-T)
Between June 4 and June 15, director Ryan Shay accumulated a total of 40,000 shares at an average price per share of $2.10, after which he held 137,670 shares in his portfolio.
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The following stock has had recent insider selling activity.
Computer Modelling Group Ltd. (CMG-T)
Between June 11 and June 14, president and chief executive officer Ken Dedeluk sold a total of 46,800 shares at an average price per share of approximately $9.91, trimming his large portfolio position to 1,115,500 shares.