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.
CES Energy Solutions Corp. (CEU-T)
On June 22, president, chief executive officer and director Ken Zinger invested $150,000 in shares of CES. He acquired 10,000 shares at a price per share of $15, increasing the holdings in this particular account to 1,682,857 shares.
Enghouse Systems Ltd. (ENGH-T)
On June 12, director Paul Stoyan bought 10,000 shares at an average cost per share of approximately $16.06, lifting the holdings in this particular account (RRSP) to 18,000 shares. The cost of this purchase exceeded $160,000.
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
MDA Space Ltd. (MDA-T)
On June 11, Luigi Pozzebon, vice president of satellite systems, sold 31,686 shares at a price per share of $52.90, after which this particular account did not hold any shares. Proceeds from the sale totaled more than $1.6 million, excluding trading fees.
On June 10, Holly Johnson, vice president of robotics and space operations, exercised her options, receiving 45,000 shares at a cost per share of $9.60, and sold 45,000 shares at a price per share of $52.79, after which 60,331 shares remained in this particular account. Net proceeds exceeded $1.9 million, not including any associated transaction charges.
On June 10, Minda Suchan, vice president of geointelligence, exercised her options, receiving 40,000 shares at a cost per share of $6.00, and sold 40,000 shares at a price per share of $53.22, after which 49,784 shares remained in this particular account. Net proceeds exceeded $1.8 million, excluding any associated transaction fees.
Year-to-date, the share price has rallied 101 per cent.
Peyto Exploration and Development Corp. (PEY-T)
On June 11, president and chief executive officer Jean-Paul Lachance, exercised his options, receiving 46,000 shares at a cost per share of $15.62, and sold 46,000 shares at a price per share of $25.60, after which 534,813 shares remained in this particular account. Net proceeds exceeded $459,000, excluding any associated transaction fees.