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.
Almonty Industries Inc. (AII-T)
On March 28, director, president and chief executive officer Lewis Black invested over $108,000 in shares of Almonty Industries. He acquired 50,000 shares at a price per share of $2.1704, raising the holdings in this particular account to 12,100,750 shares.
Year-to-date, the share price has rallied 150 per cent.
Choice Properties REIT (CHP-UN-T)
On March 28, Galen Weston bought 9,000 units at a price per unit of $13.815, initiating a position in this specific account (RRSP). The cost of this investment exceeded $124,000.
Mr. Weston is the chairman and chief executive officer of George Weston Ltd. (WN-T). GWL has two reporting business segments: Loblaw Companies Ltd. (L-T) and Choice Properties REIT.
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Listed below are two stocks that have had recent selling activity in the public market reported by insiders.
ARC Resources Ltd. (ARX-T)
On March 26, director Leontine van Leeuwen-Atkins sold 10,728 shares at a price per share of $29.02, after which this particular account held 7,000 shares. Proceeds from the sale totaled more than $311,000, excluding commission charges.
iA Financial Corporation Inc. (IAG-T)
Between March 24-27, executive vice-president and chief investment officer Alain Bergeron exercised his options, receiving a total of 11,000 shares at an average cost per share of roughly $82.98 and sold 11,000 shares at an average price per share of approximately $136.63, after which this particular account did not hold any shares. Net proceeds totaled more than $590,000, excluding any associated transaction fees.
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