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 or perhaps shares may be sold to address tax implications when options and rights are exercised. 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. In addition, I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units. Furthermore, it can be of value to note if an insider’s share or unit balance (investment in the company) is trending higher or lower.
Listed below is a security that has had recent buying activity in the public market reported by an insider.
Killam Apartment Real Estate Investment Trust (KMP-UN-T)
Between March 16-19, Manfred Walt, who sits on the board of trustees, invested over $477,000 in units of Killam. He purchased a total of 29,598 units across multiple accounts at an average cost per unit of approximately $16.13.
The REIT pays its unitholders a monthly distribution of 6 cents per unit, equating to a current annualized yield of approximately 4.5 per cent.
On March 24, management announced a change to its capital recycling program: “The existing non-core asset sales target has been increased from $50 million to $100-$150 million for the year. Proceeds from property dispositions are expected to be used for the repurchase and cancellation of trust units through Killam’s Normal Course Issuer Bid program and on opportunistic acquisitions.”
**
Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
Paramount Resources Ltd. (POU-T)
Between March 11-20, John Williams, executive vice president, northeast British Columbia, exercised his options, receiving a total of 20,000 shares at an average cost per share of approximately $9.26, and sold 20,000 shares at an average price per share of roughly $30.07, leaving 171,285 shares in this particular account. Net proceeds totaled over $416,000, excluding any associated transaction fees.
Surge Energy Inc. (SGY-T)
Between March 6-19, Margaret Elekes, senior vice president, land and business development, sold a total of 156,765 shares at an average price per share of approximately $8.68 across multiple accounts. Proceeds from the sales totaled over $1.3 million, excluding trading fees.
Valeura Energy Inc. (VLE-T)
On March 20, director Tim Chapman exercised his options, receiving 120,000 shares at an average cost per share of roughly 54 cents, and sold 120,000 shares at a price per share of $14.25 with 14,149 shares remaining in this particular account. Net proceeds exceeded $1.6 million, not including any associated transaction fees.