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 two stocks that have had recent insider buying activity.
Gluskin Sheff + Associates Inc. (GS-T)
On June 27, director Wilfred Gobert acquired 9,000 shares at a price per share of $16.5433, increasing his portfolio’s position to 85,614 shares.
Stingray Digital Group Inc. (RAY.A-T)
Between June 11 and June 22, chairman Mark Pathy purchased a total of 492,050 shares at an average price per share of approximately $8.75 for an account in which he has indirect ownership (Mavrik Corp.), lifting the account’s holdings to 1,156,250 shares.
======
The following stock has had recent insider selling activity.
Cargojet Inc. (CJT-T)
On June 27, executive vice-president and chief commercial officer Jamie Porteous sold 3,500 shares at a price per share of $65.1214, trimming his portfolio’s holdings to 155 shares. That day, in a separate account, he divested 5,000 shares at a price per share of $65 for an account in which he has indirect ownership (The Porteous Family Trust), reducing the account’s balance to 53,207 shares.
======
The following stock has had mixed trading with both buying and selling activity recently reported by insiders.
Sandstorm Gold Ltd. (SSL-T)
On June 28 and June 29, senior executive vice-president and director David Awram exercised his options and sold the corresponding number of shares (300,000) at a price per share of $5.93, leaving 528,440 shares in his portfolio.
On June 28, president and chief executive officer Nolan Watson purchased 9,600 shares at a cost per share of $5.92, taking his account balance up to 1,066,490 shares.