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Featured below are 10 companies that have experienced recent insider buying and selling 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.
Bonterra Energy Corp.(BNE-T)
George Fink, chief executive officer and chairman of the board, bought 8,700 shares on May 24 at an average price per share of $18.44. The prior week, on May 19, he accumulated 6,049 shares. Post these transactions, his portfolio's position climbed to 3,140,399 shares.
Chemtrade Logistics Income Fund (CHE.UN-T)
President and chief executive officer Mark Davis purchased 5,000 units at an average price of $17.84 per unit, lifting his ownership position in this portfolio to 19,400 units.
Last week, we reported that the chief financial officer Rohit Bhardwaj accumulated 10,000 units at an average price per unit of $18.24 on May 12, which raised his portfolio's position to 60,000 units.
Cominar Real Estate Investment Trust (CUF.UN-T)
On May 23, Guy Charron, executive vice-president of retail operations, purchased 5,700 units at an average price per unit of $13.24, raising his portfolio's holdings to 19,980 units. On May 19, Manon Deslauriers, vice-president of legal affairs and corporate secretary, accumulated 7,600 units at an average price of $13.20, increasing her portfolio's position to 18,812 units.
Last week, we reported that three insiders recently acquired units in the public market.
Chief financial officer Gilles Hamel bought 7,600 units at an average price per unit of $13.17 on May 18, increasing his portfolio's position to 37,113 units. The prior day, Michael Dallaire, chief executive officer and chairman of the board of trustees, purchased 26,000 units, and Luc Bachand, who sits on the board of trustees, accumulated 2,000 units at an average price per unit of $13.13, lifting his portfolio's holdings to 6,700 units.
Leagold Mining Corp. (LMC-X)
Chairman of the board of directors Frank Giustra purchased 200,000 shares at an average price per share of $2.50 on May 18, increasing his portfolio's position to 3,066,900 shares.
Pembina Pipeline Corp. (PPL-T)
In a relatively small transaction, on May 18, chief financial officer Scott Burrows accumulated 500 shares at an average price per share of $42.42, effectively doubling his portfolio's position to 1,002 shares.
We recently reported that board member Jeffrey Smith purchased 1,030 shares in the public market at an average price per share of $43.59 on May 9.
Power Corp. of Canada (POW-T)
Senior vice-president of Power Financial and Power Corporation Arnaud Vial purchased 3,473 shares at an average price per share of $28.712 on May 18, increasing his portfolio's position to 23,473 shares.
Power Financial Corp. (PWF-T)
Senior vice-president of Power Financial and Power Corporation Arnaud Vial bought 3,150 shares at an average price per share of $32.05, initiating a portfolio position.
Tidewater Midstream and Infrastructure Ltd. (TWM-X)
President, chief executive officer and chairman Joel MacLeod has been steadily accumulating shares. His most recent purchase occurred on May 18. Mr. MacLeod acquired 100,000 shares at an average price per share of $1.33.
Westaim Corp. (WED-X)
Director Stephen Cole accumulated 29,700 shares at an average price per share of $3.10 on May 18.
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Recent insider selling activity occurred in the following company.
Chorus Aviation Inc. (CHR-T)
On May 23, two insiders exercised their options and sold their shares in the public market.
Steve Linthwaite, who is the vice-president of flight operations at Jazz, exercised his options and that same day sold the corresponding number of shares (300,000) at an average price per share of $7.2659, leaving a balance of 38,859 shares in his portfolio.
Scott Tapson, vice-president of corporate and commercial development, also exercised his options and sold the corresponding number of shares that same day (95,200) at an average price per share of $7.273. The following day, Mr. Tapson also exercised options and sold the corresponding number of shares (4,800) at $7.3261, leaving a remaining portfolio balance of 32,284 shares.
Jennifer Dowty