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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.

Listed below are three securities that have had recent insider buying activity.

Dorel Industries Inc. (DII.B-T)

Year-to-date, the share price has collapsed over 30 per cent and several senior management executives are buying shares on this price weakness.

Earlier this month, management announced that it was cutting its dividend to 60 US cents per share annually from US$1.20 annually.

In the fourth-quarter earnings, release management stated, “The reduction in the dividend will allow Dorel to retain approximately UUS$19.5 million annually in cash, which will be used to enhance Dorel’s financial position and give us additional flexibility to enhance long-term value.” The current dividend yield is 6.6 per cent.

On March 18, president and chief executive officer Martin Schwartz bought 15,000 shares at a price per share of $12.4524, increasing this portfolio’s holdings to 563,031 shares. The cost of this purchase totaled over $186,000

On March 18, chief financial officer Jeffrey Schwartz purchased 15,000 shares at a cost per share of $12.4598, raising the account’s position to 591,980 shares. The cost of this investment exceeded $186,000.

On March 18, Jeff Segel, executive vice-president – sales and marketing, acquired 10,000 shares at a price per share of $12.5666, taking his account’s holdings up to 560,250 shares. The purchase price exceeded $125,000.

H&R Real Estate Investment Trust (HR.UN-T)

On March 19, Alex Avery, who sits on the board of trustees, bought 4,000 units at a cost per unit of $22.92, increasing his account’s position to 24,000 units. The cost of this purchase exceeded $91,000. The REIT is currently yielding 5.9 per cent.

Leagold Mining Corp. (LMC-T)

On March 21, chief executive officer Neil Woodyer invested over $118,000 in shares of the company. He acquired 60,000 shares at a cost per share of $1.9955, lifting his account’s holdings to 8,097,550 shares.

**

Listed below is a security that has had recent selling activity reported by insiders.

Agnico Eagle Mines Limited (AEM-T)

Between March 12 and March 21, Alain Blackburn, senior vice-president – exploration, exercised his options, receiving (5,000) shares and sold a total of 9,000 shares at an average price per share of approximately $59.31 with a remaining account balance of 15,299 shares. Proceeds from the sales amounted to over $533,000.

On March 15, chief financial officer David Smith exercised his options and sold the corresponding number of shares received (10,000) at a price per share of $58.75, leaving 62,352 shares in the account. Proceeds totaled over $587,000.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 4:00pm EDT.

SymbolName% changeLast
DII-B-T
Dorel Industries Inc Cl B Sv
+2.37%6.92
HR-UN-T
H&R Real Estate Inv Trust
+1.09%9.25
AEM-T
Agnico Eagle Mines Ltd
+2.9%80.77

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