We turn our attention to the interest-rate sensitive financials sector where insiders at one of Canada’s most successful private equity firms, Onex Corp. , are buying. Since Aug. 5, two Onex managing directors have spent more than $800,000 on a combined basis buying stock in the public market.
Andrew Sheiner bought 15,000 shares between $31.83 and $32.72. Seth Mersky also bought 10,000 shares at $32.82 on Aug. 5. Meanwhile, over the past three months Onex has bought back 377,376 shares in the public market.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com . Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.