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. 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 featuring two companies that have had insider buying activity.
Let's begin the report featuring two securities that have had recent insider buying activity.
BRP Inc. (DOO-T)
On Sept. 19, Tracy Crocker, president – marine group, purchased 2,000 shares at a cost per share of U.S.$45.7999, initiating a portfolio position.
Total Energy Services Inc. (TOT-T)
On Sept. 20, president and chief executive officer Daniel Halyk purchased 800 shares at a cost per share of $11.20. Days prior, on Sept. 14, Mr. Halyk bought 5,000 shares at a price per share of $11.70. After these transactions, his account balance stood at 555,800 shares.
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The following three stocks have had recent selling activity reported by insiders.
Aecon Group Inc. (ARE-T)
With a total transaction value of over $2.4-million, between Sept. 12 and Sept. 17, founder and executive chairman John Beck sold a total of 146,322 shares at an average price per share of approximately $16.62, eliminating his account’s holdings.
Air Canada (AC-T)
On Sept. 13, managing director and treasurer Pierre Houle exercised his options and sold the corresponding number of shares received (1,497 shares) at an average price per share of $8.23, eliminating his portfolio’s position.
Goldcorp Inc. (G-T)
On Sept. 13, Patrick Merrin, senior vice-president – Canada operations, exercised his rights and sold the corresponding number of shares received (23,967) at a price per share of $13.2922, leaving 8,800 shares in his account.
Jennifer Dowty