Wednesday’s Insider Report: Companies insiders are buying and selling

Featured below are companies that have experienced recent insider buying 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.

Alaris Royalty Corp. (AD-T)

On June 30, the chairman of the board of directors Jack Lee bought 3,000 shares at an average price of $23.03 per share, taking his portfolio's holdings up to 206,000 shares.

The prior day, Gregg Delcourt, the senior vice-president of small cap investments, accumulated 3,000 shares at an average price of $22.75, initiating a portfolio position.

In a previous issue, we reported that Mary Ritchie, who sits on the board of directors, sold 5,000 shares at an average price of $20.1833 per share on June 14, reducing her ownership position to 28,000 shares.

People Corp. (PEO-X)

Two insiders have been recent buyers.

On June 30, Scott Anderson, who sits on the board of directors, purchased a total of 20,000 shares at an average price of just under $5.50 per share.

On June 28, Paul Asmundson, the firm's chief corporate development officer, acquired 15,000 shares at an average price of $5.50 per share, lifting his ownership position to 170,983 shares.

Taseko Mines Ltd. (TKO-T)

On June 26, the company's chief financial officer Stuart McDonald purchased 40,000 shares at an average cost per share of $1.60, increasing his portfolio's position to 100,000 shares.

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The following companies have had recent selling activity.

Franco-Nevada Corp. (FNV-T)

On June 26, Jason O'Connell, vice-president of oil and gas, exercised his options and sold the corresponding number of shares (6,936) at an average price of $98.171 per share, leaving a remaining portfolio balance of 5,731 shares.

Industrial Alliance Insurance and Financial Services Inc. (IAG-T)

On June 29, Michael Stickney, the president of IA American Life Insurance Co., exercised his options and the same day sold the corresponding number of shares (4,000) at an average price of $56.035 per share. This trade reduced his portfolio's holdings to 10,900 shares.

Input Capital Corp. (INP-X)

On June 29, the company's chief financial officer Brad Farquhar sold 18,900 shares at an average price of $2.0006 per share, in addition to his sale of 31,100 shares completed the prior day.

Richmont Mines Inc. (RIC-T)

On June 23, the firm's vice-president of operations Christian Bourcier exercised his options and the same day sold the corresponding number of shares (10,000) at an average price of $10.53 per share. His remaining portfolio balance was 9,900 shares.

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There has been mixed trading activity in the following company with both recent selling and buying transactions by insiders.

Boardwalk Real Estate Investment Trust (BEI.UN-T)

On June 30, Dean Burns, the general counsel and corporate secretary, divested 3,804 units at an average price of $47.34 per unit, reducing his portfolio's position to 4,769 units.

In a previous issue, we reported that Brian Robinson, who sits on the board of trustees, accumulated 2,000 units at an average price of $49.56 per unit on June 23, taking his ownership position up to 12,966 units.

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