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.
Crescent Point Energy Corp. (CPG-T)
On Sept. 7, Brad Borggard, senior vice-president – corporate planning and capital markets, bought 15,000 shares at a price per share of $6.87, lifting his account’s holdings to 92,227 shares.
Home Capital Group Inc. (HCG-T)
In recent weeks, four insiders have been buyers in the market.
On Sept. 4, Claude Lamoureux, who sits on the board of directors, purchased 5,000 shares at a cost per share of $14.656, increasing his portfolio balance to 15,000 shares.
On Aug. 23, president and chief executive officer Yousry Bissada acquired 10,000 shares at a price per share of $14.5767 for an account in which he has indirect ownership, lifting the account’s holdings to 37,000 shares.
Last month, we reported that chair Paul Derksen bought 30,000 shares at a cost per share of $13.80 on Aug. 16, doubling his account’s holding to 60,000 shares. That same day, director Alan Hibben acquired 2,200 shares at a price per share of $13.9786, raising his portfolio’s position to 9,200 shares.
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The following three stocks have had recent selling activity reported by insiders.
Absolute Software Corp. (ABT-T)
Between Aug. 31 and Sept. 6, Mark Grace, senior vice-president – worldwide OEM, channel and business development, sold a total of 6,480 shares at an average price per share of approximately U.S.$5.76, leaving 1,920 shares in his account.
Between Sept. 4 and Sept. 6, Todd Wakerley, executive vice-president – product development, exercised his rights and sold the corresponding number of shares received (16,676) at an average price per share of approximately $7.89 with a remaining account balance of 4,369 shares.
On Sept. 5, chief human resources officer Amanda Mallow exercised her rights and sold the corresponding share count (7,321) at an average price per share of $7.46, eliminating her portfolio’s position.
K-Bro Linen Inc. (KBL-T)
In a transaction valued at over $1-million, president and chief executive officer Linda McCurdy sold 30,000 shares at a price per share of $39.10 on Sept. 5, trimming her account balance to 135,779 shares.
That day, senior vice-president Sean Curtis divested 15,000 shares at a price per share of $39.10 with 79,943 shares remaining in his account.
Royal Bank of Canada (RY-T)
In two transactions with a combined value of over $3-million, between Aug. 28 and Sept. 4, chairman and chief executive officer of RBC Capital Markets Doug McGregor exercised his options and sold the corresponding number of shares received (30,000 in total) at an average price per share of approximately $103.78. After these trades his portfolio held 56,175 shares.
Jennifer Dowty