Last month, Uni-Sélect Inc. stock hit a year-to-date high of $24.95. Insiders have been buying on the recent pullback signalling they have confidence in the company’s long-term prospects. Over the past 90 days, five insiders at the auto parts distributor have bought 45,750 shares in the public market at an average price of $21.53. Independent board chair Robert Chevrier was the biggest buyer, spending just over $440,000 on company stock. CEO Richard G. Roy spent just over $200,000 buying shares, while CFO Denis Mathieu spent $133,000 buying shares.
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.