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15 companies with recent insider buying activity

The Magna plant in Puebla, Mexico, produces car parts.

Brett Gundlock

Featured below are 15 companies that have experienced recent insider buying activity in the public market through their direct and indirect ownerships.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. I tend to put great weight on insider transaction activities when I see multiple insiders buying shares of a company.

Agellan Commercial Real Estate Investment Trust (ACR.UN-T)

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Elad Canada Inc., a 10-per cent owner, has been steadily accumulating units, purchasing 22,400 units at a price of $11.4268 per unit on March 9, 142,600 units at $11.5005 on March 8, 80,700 units at $11.5994 on March 3, 146,400 units at $11.5578 the prior day, and 25,600 units at $11.4627 at the beginning of March.

ARC Resources Ltd. (ARX-T)

Hal Kvisle, chairman of the board, , has accumulated 19,500 shares across several trades in recent days, purchasing 6,000 shares at a price of $19.45 per share on March 7, 4,000 shares at $19.30 on March 6, 5,000 shares at $19.70 on March 2, and purchasing 4,500 shares at $19.80 the prior day. In addition, board member Nancy Smith bought 5,000 shares on March 7.

Canadian Western Bank (CWB-T)

Chairman Robert Phillips purchased 1,000 shares at a price of $31.22 per share on March 7.

Cott Corporation (BCB-T)

On March 1, two insiders accumulated shares. Eric Rosenfeld, a board member as well as the president and chief executive officer of Crescendo Partners, L.P., accumulated 125,000 shares, and chief executive officer Jerry Fowden bought 9,470 shares. Two days later, board member Greg Monahan purchased 12,000 shares.

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Endeavour Silver Corp. (EDR-T)

On March 3, Bradford Cooke, the chief executive officer, bought 20,000 shares at a price of $4.48 per share.

Gran Tierra Energy Inc. (GTE-T)

Global long/short equity investment manager GMT Capital Corp., with over a 10-per-cent interest, is accumulating shares, purchasing 716,400 shares on March 6, 319,800 shares on March 3, and 288,100 shares on March 1.

Granite Real Estate Investment Trust (GRT.UN-T)

Board member Brydon Cruise accumulated 20,000 units at a price of $45.6956 per unit on March 6.

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MacDonald Dettwiler & Associates Ltd. (MDA-T)

Several insiders have recently been purchasing shares. Howard Lance, the president and chief executive officer, bought 7,530 shares at a price of $66.35 per share on March 2. That same day, Anil Wirasekara, the chief financial officer, purchased 3,000 shares at $66.70. Chairman of the Board Robert Phillips bought 1,000 shares at a price of $65.33 per share on March 7. Finally, board member Eric Zahler bought 1,000 shares at a price of $65.42 per share on March 3.

Magna International Inc. (MG-T)

Frank Seguin, executive vice-president of corporate projects and strategy development, purchased 5,400 shares at a price of $57.63 per share on March 7.

Martinrea International Inc. (MRE-T)

President and chief executive officer, Pat D'Eramo purchased 16,200 shares on March 7.

Mediagrif Interactive Technologies Inc. (MDF-T)

President and chief executive officer Claude Roy, who is also chairman of the board, bought 2,000 shares on March 8. He also purchased 3,850 shares the previous day.

Onex Corporation (ONEX-T)

On March 7, senior managing director and member of the executive committee Anthony Munk bought 2,442 shares.

OrganiGram Holdings Inc. (OGI-X)

Chief legal officer Michael Tripp bought 30,000 shares at a price of $2.2329 per share on March 7.

PrairieSky Royalty Ltd. (PSK-T)

Chief operating officer Cameron Proctor bought 2,000 shares at a price of $28.381 per share on March 8, and accumulated 2,043 shares the prior day.

SunOpta Inc. (SOY-T)

U.S. alternative investment management firm Oaktree Capital Management has been accumulating shares, acquiring over 1.1 million shares on March 6, and purchased over 1.8 million shares on March 3.

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About the Author
Equities analyst

Jennifer Dowty has been an investment reporter and equities analyst at The Globe and Mail since 2015. Prior to joining The Globe and Mail, she worked for approximately 18 years in the financial industry, of which nearly 14 years were at Manulife Asset Management. More

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