Skip to main content

An undated file photo of B2Gold's Masbate mining operation.

Featured below are companies that have experienced recent insider trading 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. 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 detailing companies with buying activity.

B2Gold Corp. (BTO-T)

On Aug. 11, president and chief executive officer Clive Johnson purchased 100,000 shares at an average cost per share of $3.22, lifting his portfolio's holdings to 5,864,291 shares.

Exchange Income Corporation (EIF-T)

Several insiders have been accumulating shares in the market.

In July, board member Brad Bennett, bought a total of 41,100 shares. Additionally, between Aug. 1 and Aug. 11, he acquired 26,000 shares. All purchases were for an account in which he has control or direction (McIntosh Properties Ltd.). These purchases increased the portfolio's holdings to 1,662,268 shares.

In a previous report, we reported that the company's chairman of the board of directors Gary Filmon (and the former Premier of Manitoba) acquired 2,000 shares around the mid-$26 per share price level on July 25, increasing his portfolio's holdings to 12,151 shares. On July 26, the firm's chief financial officer Tamara Schock bought 2,690 shares at an average cost of $27.80 per share, lifting her portfolio's holdings to 4,190 shares. On July 21, board member Edward Warkentin acquired 3,400 shares at an average price of $29.4255 per share for an account in which he has indirect ownership, increasing the portfolio's position to 25,625 shares.

Freshii Inc. (FRII-T)

On Aug. 10, founder and chief executive officer Matthew Corrin bought 20,000 shares for an account in which he has indirect ownership (Jaxii Holdings LLC). The prior day, he purchased 20,000 shares for this account, and on August 8, he initiated a position in this account, acquiring 20,000 shares.

=====

The following companies have had recent selling activity.

Gildan Activewear Inc. (GIL-T)

On Aug. 4, Mike Hoffman, president of printwear, sold 15,036 shares at an average price of approximately $37.93 per share, leaving a remaining portfolio balance of 39,751 shares.

The same day, Jonathan Roiter, senior vice-president of operations and corporate development, exercised his options, receiving 52,426 shares, and subsequently sold 28,837 shares at an average price per share of $37.5718, leaving a portfolio balance of 30,507 shares.

Richards Packaging Income Fund (RPI.UN-T)

On Aug. 8, management executive Timothy McKernan, the president of McKernan Packaging (E.J. McKernan Co. was acquired by Richards Packaging in 2007), sold 10,000 units at an average price of $29.3756 per unit for an account in which he has indirect ownership (McKernan Arnold Family Trust). The previous day, he sold 10,000 units for the same account. After these sales, the portfolio held 787,590 units.

Follow me on Twitter at @jennifer_dowty to receive links to all my insider reports

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe