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 is a security with recent buying activity in the public market reported by the CEO.
Element Fleet Management Corp. (EFN-T)
On Aug. 8, president, chief executive officer and director Laura Dottori-Attanasio invested over $1-million in shares of Element. She purchased 27,200 shares at a cost per share of $36.8109, increasing the holdings in this particular account to 315,600 shares.
On Aug. 13, the share price closed at a record high of $37.47.
**
Listed below are three stocks with recent selling activity in the public market reported by insiders.
AltaGas Ltd. (ALA-T)
Between Aug. 12-15, Peter Ledig exercised his options, receiving a total of 13,361 shares at a cost per share of $19.57, and sold 13,361 shares at a price per share of $41.94, after which this particular account did not hold any shares. Net proceeds totaled nearly $300,000, excluding any associated transaction fees.
Mr. Ledig is the president of WGL Energy, a subsidiary of AltaGas.
Boardwalk Real Estate Investment Trust (BEI-UN-T)
Between Aug. 8-12, chief executive officer and chairman of the board Sam Kolias sold a total of 134,800 units at an average price per unit of approximately $70.83 for an account in which he has indirect ownership (1103891 Alberta Ltd.), after which this specific account did not hold any units. Proceeds from the sales totaled more than $9 million, excluding commission charges.
First Quantum Minerals Ltd. (FM-T)
Between Aug. 1-6, Zenon Wozniak, director - projects, sold a total of 58,135 shares at an average price per share of approximately $23.21, leaving 49,161 shares in this particular account. Proceeds from the sales totaled more than $1.3 million, not including trading fees.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.