Industry leaders are under accumulation by insiders.
Of the eight stocks purchased in recent days by insiders, five of the companies are members of the S&P/TSX 60 Index. In contrast, only one stock from the S&P/TSX 60 Index experienced notable selling action by insiders.
Listed below are 14 companies that have experienced recent insider buying and selling activities in the public market through their direct and indirect ownerships.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Conversely, if insiders are selling shares, that may or may not be related to a stock's perceived valuation; perhaps an insider needs to raise money for personal reasons. Furthermore, 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 activities when I see multiple insiders buying or selling a company's shares.
Let's begin with the buyers.
ARC Resources Ltd. (ARX-T)
Board member Herb Pinder accumulated 74,000 shares at a price of $21.1322 per share on Feb. 10.
Brookfield Business Partners L.P. (BBU.UN-T)
On Feb. 10, Trish Zuccotti, who sits on the board of directors, bought 1,548 units, in addition to the 400 units she purchased on Feb. 7. Fellow board member John Lacey accumulated 1,000 shares on Feb. 7.
Canfor Corp. (CFP-T)
Jim Pattison, who sits on the board of directors, bought 2,114,200 shares at a price of $16.5507 per share on Feb. 13.
Freehold Royalties Ltd. (FRU-T)
Tom Mullane, the president and chief executive officer, bought 7,400 shares on Feb. 9 at a price of $13.10 per share.
Saputo Inc. (SAP-T)
Last week, we reported that board member Karen Kinsley accumulated 1,000 shares at a price of $44.75 per share on Feb. 8. In this report, we note that fellow board member Henry Demone bought 5,000 shares the following day.
Shaw Communications Inc. (SJR.B-T)
On Feb. 13, executive chairman JR Shaw continued his buying activity, purchasing 18,000 shares at a price of $27.9468 per share. In addition, Michael O'Brien, a director and chair of the Audit Committee, bought 3,000 shares at a price of $27.9853 per share.
Suncor Energy Inc. (SU-T)
Board member Dominic D'Alessandro purchased 30,000 shares at a price of $41.50 per share on Feb. 13.
TELUS Corp. (T-T)
In a relatively small transaction, Dave Mowat, who sits on the board of directors, bought 480 shares at a price of $43.04 per share on Feb. 10.
Turning to the sellers, six companies are highlighted below with recent insider selling activity.
ATS Automation Tooling Systems Inc. (ATA-T)
Chuck Gyles, the vice president of organizational effectiveness, sold 50,200 shares on Feb. 10.
Brookfield Asset Management Inc. (BAM.A-T)
Timothy Price, chairman of Brookfield Funds, a division of Brookfield Asset Management Inc., has been an active seller. On Feb. 15, he trimmed his portfolio by 29,200 shares at a price of $48.2784 per share. On Feb. 13, he sold 25,900 shares at a price of $48.273 per share. Finally, on Feb. 10, he eliminated 44,900 shares from his holdings at a price of $48.412 per share.
Genworth MI Canada Inc. (MIC-T)
Board member Brian Kelly sold 3,250 shares on Feb. 10.
Kelt Exploration Ltd. (KEL-T)
Alan Franks, the vice president of production, sold 100,000 shares at a price of $6.49 per share on Feb. 10. Mr. Franks was also an active seller in January, selling 103,300 shares.
Klondex Mines Ltd. (KDX-T)
Insider selling action continued this week.
Board member Bill Matlack sold 48,200 shares at a price of $7.4904 per share on Feb. 14. He sold 24,600 shares at a price of $7.4131 per share on Feb. 10, 32,200 shares at a price of $7.4094 on Feb. 9, 4,400 shares at a price of $7.38 per share the prior day, and sold 73,200 shares at a price of $7.1621 per share on Feb. 6.
Last week, we noted that board member Blair Schultz made several sell trades. On Feb. 6, Mr. Schultz sold 58,400 shares at a price of $7.074 per share. On Feb. 3, he sold 50,000 shares, and eliminated 100,000 shares on Feb .1 at a price of $6.453 per share.
Parex Resources Inc. (PXT-T)
Wayne Foo, the chief executive officer, sold 100,000 shares at a price of $16.5974 per share on Feb. 10.