Two CN trains pass a rail intersection in North Vancouver, on May 10, 2012.The Canadian Press
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.
Clearwater Seafoods Inc. (CLR-T)
On May 18, in a relatively small transaction, director Jane Craighead purchased 4,500 shares at an average price per share of $11.49, lifting her ownership position to 17,500 shares in this portfolio.
Horizon North Logistics Inc. (HNL-T)
On May 15, president and chief executive officer Rod Graham bought 27,000 shares at an average price per share of $1.51, increasing his portfolio's holdings to 560,506 shares. A few days later, on May 18, director Mary Garden purchased 52,500 shares at an average price per share of $1.4969, initiating a portfolio position.
Sun Life Financial Inc. (SLF-T)
William Anderson, chairman of the board of directors, purchased 2,320 shares on May 24. In addition, board member Stephanie Coyles acquired 300 shares at an average price per share of $44.54 on May 25 and also purchased 200 shares at an average price per share of $44.64 on May 18.
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Recent insider selling activity has occurred in the following companies.
Allied Properties Real Estate Investment Trust (AP.UN-T)
On May 24, chief operating officer Tom Burns exercised his options and the following day sold the corresponding number of units (151,000) at an average price of $37.6891 per unit, reducing his portfolio's holdings to 38,395 units.
Boardwalk Real Estate Investment Trust (BEI.UN-T)
On May 19, Helen Mix, vice-president of human resources, sold 926 units, trimming her portfolio's position to 3,867 units.
Canadian National Railway Co. (CNR-T)
The share price has been in a solid uptrend with two senior management officers recently selling shares on the price strength. On May 25, Jean-Jacques Ruest, chief marketing officer, pared 15,655 shares from his portfolio at an average price per share of $103.40, reducing his portfolio's holdings to 108,641 shares. The same day, chief operating officer Mike Cory sold 2,000 shares at an average price per share of $103.371, leaving a remaining portfolio balance of 15,740 shares.
New Look Vision Group Inc. (BCI-T)
On May 18, France Reimnitz, vice-president of marketing and merchandising, exercised her options, receiving 6,971 shares. The following week, on May 25, she sold 2,700 shares at an average price per share of $28.70, leaving a portfolio balance of 13,786 shares.
Caroline Rouleau, vice-president of professional development and human resources, exercised her options on May 18 for 6,971 common shares. On May 25, she sold 2,420 shares, reducing her portfolio's holdings to 16,270 shares.
Rogers Communications Inc. (RCI.B-T)
Earlier this month, the company confirmed that senior executive Nitin Kawale is departing from the company. On May 19, he sold 1,950 shares in the public market at an average price per share of $61.93.
Royal Bank of Canada (RY-T)
On May 19, David McKay, president and chief executive officer, exercised his options and the same day sold the corresponding number of shares, 3,578 shares, at an average price per share of $92.817, leaving a portfolio balance of 5,873 shares. In addition, Jennifer Tory, group head of personal and commercial banking, exercised her options on May 19, receiving 511 shares. The same day, she sold 362 shares at an average price per share of $92.8683, decreasing her portfolio's holdings to 11,017 shares.
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The following company has had mixed trading with both buying and selling activity by insiders.
Firm Capital Mortgage Investment Corp. (FC-T)
Chief financial officer and director Jonathan Mair has been steadily liquidating his portfolio. As of May 29, he reportedly sold a total of 20,000 shares during the month of May over a number of trading sessions, leaving a remaining portfolio balance of 40,000 shares.
Taking the opposite approach , director Joe Oliver purchased 7,500 shares on May 26, initiating a portfolio position.
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Jennifer Dowty