A man exits a Hudson's Bay department store in Toronto, Ontario, Canada June 6, 2016.CHRIS HELGREN/Reuters
Featured below are companies that have experienced recent insider transaction activity 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. 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 detailing companies with buying activity.
Granite Real Estate Investment Trust (GRT.UN-T)
On June 27, trustee Al Mawani initiated a portfolio position. Mr Mawani bought 3,000 units at an average price of $51.75 per unit, in addition to his purchase of 2,000 units completed the prior day.
Student Transportation Inc. (STB-T)
Cairman and chief executive officer Denis Gallagher has been a buyer in the market. On June 28, he acquired 20,000 shares at an average cost of $6.05 (U.S.) per share, in addition to his purchase of 20,000 shares completed the prior day. These two trades increased his portfolio's position to 1,356,454 shares.
=====
The following companies have had recent selling activity.
DIRTT Environmental Solutions Ltd. (DRT-T)
Two executives are recent sellers in the market.
On June 26, chief executive officer Mogens Smed exercised his options and the same day sold the corresponding number of shares (41,667) at an average price per share of $6.75. The portfolio held 382,639 shares after these trades.
On June 21, vice-president of software development Barrie Loberg sold 40,000 shares at an average price of $6.66, leaving a remaining portfolio balance of 236,103 shares.
Hudson's Bay Co. (HBC-T)
On June 23, president of Saks Fifth Avenue Marc Metrick sold 5,000 shares at an average price of $11.2512 (U.S.) per share, in addition to his sale of 10,000 shares on June 22. After these transactions, his portfolio's share balance was 24,331 shares.
Linamar Corp. (LNR-T)
On June 26, William Harrison, who sits on the board of directors, sold 5,000 shares at an average price of $63.75, trimming his portfolio's position to 20,157 shares.
Earlier this week, we reported that Kenneth McDougall, the group president of the Linamar Canada-Mexico group, divested 4,000 shares at an average price per share of $62.10 on June 19, reducing his portfolio's holdings to 6,269 shares.
Savaria Corp. (SIS-T)
On June 23, Robert Berthiaume, corporate engineering vice-president, sold 5,000 shares at an average price of $16.16 per share, in addition to his sales of 3,600 shares on June 20 and 1,400 shares on June 19. After these trades, his account held 25,000 shares.
Follow me on Twitter at @jennifer_dowty to receive links to all my insider reports
Jennifer Dowty