While insider selling jumped about a year ago at Intertape Polymer Group Inc. as valuations became more expensive, times are changing. Insiders have done an about-face as cash flows from operations picked up. Before changes in working capital items, cash flow in the second quarter of 2014 increased 5 per cent from the second quarter of 2013. Meanwhile, over the past 6 months insiders have spent a net $436,287 buying company shares in the public market. The most recent purchase was on August 13 when a director bought 10,000 shares between $13.72 and $13.78.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.