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 is a stock that has had recent insider buying activity.
Stantec Inc. (STN-T)
On March 27, chief operating officer Scott Murray acquired 4,250 shares at a price per share of US$23.5891, raising his account’s holdings to 28,847 shares. The cost of this investment was just over US$100,000.
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Listed below are two stocks that have had recent selling activity reported by insiders.
Power Corporation of Canada (POW-T)
Between March 25 and March 28, Arnaud Vial, vice-president of Power Corporation International, exercised his options and sold the corresponding number of shares received (45,000) at an average price per share of $31.03, leaving 87,565 shares in this portfolio. Proceeds from the sales amounted to nearly $1.4-million.
The Green Organic Dutchman Holdings Ltd. (TGOD-T)
On March 22, Ian Wilms exercised his options, receiving 58,000 shares, and sold a total of 266,104 shares at an average price per share of approximately $4.87 with 990,396 shares remaining in his account. Proceeds from the sales in this cannabis stock totaled nearly $1.3-million. At the beginning of this year, Mr. Wilms stepped down from the company’s board of directors.
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Listed below is a security that has had mixed trading with both recent buying and selling activity reported by insiders.
H&R Real Estate Investment Trust (HR.UN-T)
Between March 22 and March 25, chief operating officer at Primaris Management Inc. Patrick Sullivan exercised his options, receiving 35,000 units, and sold 39,000 units at an average price per unit of approximately $23.13 with 19,034 units remaining in the account. Proceeds from the sales totaled over $900,000. Primaris is a wholly owned subsidiary of H&R REIT.
Previously, we reported that Alex Avery, who sits on the board of trustees, bought 4,000 units at a cost per unit of $22.92 on March 19, increasing his account’s position to 24,000 units. The cost of this purchase exceeded $91,000.
Jennifer Dowty