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 stock that has had recent buying activity in the public market reported by insiders.
Westshore Terminals Investment Corp. (WTE-T)
On March 18, chief financial officer and director Dallas Ross bought 60,000 shares at a price per share of $23.58 for an account in which he has indirect ownership (KTL Capital Ltd.), increasing his holdings in this specific account to 71,200 shares. The cost of this purchase totaled more than $1.4-million.
Westshore Terminals pays its shareholders a quarterly dividend of 37.5 cents per share, or $1.50 per share yearly, equating to a current annualized yield of approximately 6 per cent.
Mr. Ross is a board member of other publicly traded companies. He sits on Canfor’s board of directors and is the chairman of the board of Rogers Sugar Inc..
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Fairfax Financial Holdings Ltd. (FFH-T)
On March 19, Brian Bradstreet divested 1,000 shares at a price per share of $1,985, trimming his holdings in this particular account to 26,885 shares. Proceeds from the sale totaled $1.985 million, excluding commission charges.
Mr. Bradstreet is a partner at HWIC, an investment counselling firm responsible for managing assets of Fairfax’s subsidiaries.
Franco-Nevada Corp. (FNV-T)
Between March 13-17, vice president of business development Boris de Vries exercised his options, receiving a total of 2,500 shares at a cost per share of $75.45, and sold 2,500 shares at an average price per share of approximately $220.59. Net proceeds totaled more than $362,000, excluding any associated transaction charges.
Additionally, Mr. de Vries sold 349 shares at a price per share of US$151.343 on March 14. Proceeds from this sale exceeded US$52,000, not including trading fees.
After these transactions, this particular account held 4,033 shares.
Teck Resources Limited (TECK.B-T)
Between March 7-19, chairman emeritus Norman Keevil sold a total of 155,000 shares at an average price per share of approximately $58.81 for an account in which he has indirect ownership (Keevil Holding Corporation), after which this specific account held 1,587,605 shares. Proceeds from the sales exceeded $9 million, excluding trading fees.
Mr. Keevil is the company’s former president and chief executive officer.
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