Eldorado Gold's Säo Bento Mine in Brazil.
Featured below are companies that have experienced recent insider buying and selling 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.
American Hotel Income Properties REIT LP (HOT.UN-T)
At the beginning of June, two board members acquired shares.
Michael Murphy took his portfolio's position up to 28,000 units with the purchase of 10,000 units at an average price per unit of $10.24 on June 5.
Director Tamara Lawson, who is also the chief financial officer at Dream Global REIT, purchased 3,000 units at a cost of $10.24 per unit on June 8, taking her ownership position up to 14,500 units.
Cipher Pharmaceuticals Inc. (CPH-T)
In recent days, two directors purchased shares in the market.
Mark Beaudet bought 1,400 shares on June 6 and accumulated 18,600 shares the prior day. Both trades were priced at $5.65 per share. Post these transactions, his portfolio's position stood at 49,169 shares.
Harold Wolkin purchased 15,000 shares at an average price per share of $5.5679 on May 30. This was just one of four trades he completed last month. In May, Mr. Wolkin accumulated a total of 50,033 shares taking his ownership position up to 71,528 shares.
Conifex Timber Inc. (CFF-T)
In a relatively small trade, Tom Reed, who sits on the board of directors, purchased 10,000 shares on June 2, increasing his holdings to 45,000 shares.
Cronos Group Inc. (MJN-X)
Insiders of this marijuana company have been stepping into the market and accumulating shares.
William Hilson, chief financial officer, bought a total of 60,000 shares over three trading sessions, from June 5 through to June 7.
On June 7, director Jason Adler acquired 5,000 shares at an average price of $1.766 per share, and the prior day, he purchased 80,000 shares at a cost of $1.7317 per share, taking his ownership position up to 6,679,092 shares.
Onex Corp. (ONEX-T)
On June 5, Bobby Le Blanc, senior managing director and member of the executive committee, purchased 52,700 shares at an average price per share of $96.3977, taking his ownership position up to 682,592 shares.
The previous trading day, on June 2, managing director Matthew Ross bought 3,225 shares at an average cost of $97.2153 per share, raising his portfolio's holdings to 8,500 shares.
On May 31, seven insiders accumulated shares in the public market. Of note, senior managing director Seth Mersky, bought 24,784 shares at an average price per share of $96.7475, lifting his portfolio's position to 448,487 shares. Managing director David Mansell acquired 13,986 shares at a cost of $96.7475 per share, increasing his portfolio's position to 35,065 shares, and managing director Tony Morgan purchased 12,250 shares, raising his share balance to 15,348.
Uni-Select Inc. (UNS-T)
On June 6, four insiders were buyers in the market.
President and chief executive officer Henry Buckley acquired a total of 3,275 shares.
Chair of the board André Courville bought 1,500 shares at an average cost per share of $30.69, taking his holdings up to 7,500 shares.
In smaller transactions, Louis Juneau, chief legal officer and corporate secretary, bought 395 shares, and the chief financial officer Eric Bussières purchased 160 shares.
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Recent insider selling activity has occurred in the following companies.
Eldorado Gold Corp. (ELD-T)
On June 6, Dawn Moss, executive vice-president – administration, sold 25,000 shares at an average price per share of $4.30, leaving a remaining portfolio balance of 112,970 shares.
New Flyer Industries Inc. (NFI-T)
Two insiders have been trimming positions.
On May 29, chief financial officer Glenn Asham exercised his options and days later, on June 5, sold the corresponding number of shares (34,725) at an average price per share of $56.59, leaving a portfolio balance of 233,400 shares.
Director Adam Gray has been an active seller. Looking at the month of June, he sold 47,900 shares at an average price of $56.45 on June 6. He divested 13,000 shares on June 5, sold 41,500 shares on June 2, and eliminated 16,400 shares on June 1.
Last month, we reported that president and chief executive officer Paul Soubry sold 53,100 shares at an average price per share of $56 on May 25. The prior day, he sold 90,900 shares at an average price per share of $55.8333. These two trades reduced his portfolio's holdings to 320,184 shares.
In addition, James Sardo, who sits on the board of directors, sold 5,000 shares on May 15, trimming his portfolio's holdings to 20,367 shares.
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The following company has experienced mixed trading with a combination of both insider buying and selling activities.
WestJet Airlines Ltd. (WJA-T)
Ron Brenneman, who sits on the board of directors, continues to accumulate shares.
His most recent purchase was on June 6, when he acquired 5,000 shares at an average cost per share of $22.40. In previous trades, he bought 5,000 shares on May 18 and also purchased 5,000 shares on May 17. After these transactions, his portfolio's position stood at 65,000 shares.
On June 2, Bob Cummings, executive vice-president – commercial, sold 1,200 shares at an average price of $23.13 per share, trimming his portfolio's holdings to 56,226 shares.
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Jennifer Dowty