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 a security that has had recent insider buying activity.
Laurentian Bank of Canada (LB-T)
On Sept. 7, chief risk officer William Mason purchased 5,000 shares at an average cost per share of approximately $42.48, initiating a portfolio position.
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The following four stocks have had recent selling activity reported by insiders.
Boardwalk Real Estate Investment Trust (BEI.UN-T)
On Sept. 7, Helen Mix, vice-president – human resources, divested 1,032 units at a price per unit of $50.25, eliminating her account’s position.
Cascades Inc. (CAS-T)
On Sept. 5, Charles Malo, president and chief operating officer of Cascades Containerboard Packaging, exercised his options and sold the corresponding number of shares received (14,152) at an average price per share of approximately $13.08, leaving 72,863 shares in his account.
Last month, we reported chief legal officer and corporate secretary Robert Hall exercised his options and sold the corresponding number of shares received (70,000) at a price per share of $13.58 on Aug. 13, leaving 169,497 shares in his portfolio.
Cronos Group Inc. (CRON-T)
Alan Friedman, who sits on the board of directors at this cannabis company, has been a recent seller in the public market. Between Sept. 5 and Sept. 7, he sold a total of 49,200 shares, trimming his portfolio’s position to 197,601 shares.
Intact Financial Corp. (IFC-T)
Between Aug. 30 and Sept. 4, vice chair Mark Tullis, sold over $1-million worth of stock. He divested a total of 10,000 shares, reducing his account balance to 47,470 shares.
Jennifer Dowty