Saputo’s headquarters are seen in Montreal in this 2013 photo.The Globe and Mail
Featured below are 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.
Capital Power Corp. (CPX-T)
On June 5, Jill Gardiner, who sits on the board of directors, purchased 3,000 shares at an average cost of $24.995 per share, increasing her ownership position to 5,425 shares.
Cenovus Energy Inc. (CVE-T)
On June 6, Richard Marcogliese, who sits on the board of directors, accumulated 8,800 shares at an average cost per share of $8.559 (U.S.), increasing this portfolio's position to 23,800 shares.
MacDonald, Dettwiler and Associates Ltd. (MDA-T)
On June 9, chairman of the board Robert Phillips acquired a total of 1,000 shares for two accounts at a cost just under $63 per share.
National Bank of Canada (NA-T)
On June 7, Lino Saputo, Jr., who sits on the company's board of directors, purchased a total of 20,000 shares. Fellow board member Andrée Savoie, in a relatively small transaction, acquired 650 shares at an average price per share of $53.67 on June 5, lifting her ownership position to 3,194 shares.
Saputo Inc. (SAP-T)
Last week, three insiders were buyers in the market.
In a relatively small trade, on June 7, Carl Colizza, president and chief operating officer of the Canadian dairy division, purchased 690 shares priced at over $43 per share. This transaction lifted his portfolio's holdings to 13,901 shares.
The prior day, Annalise King, who sits on the board of directors, accumulated 3,000 shares, initiating a portfolio position, and fellow board member Annette Verschuren purchased 1,000 shares at an average cost of $43.03 per share, raising her portfolio's holdings to 8,000 shares.
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Recent insider selling activity has occurred in the following companies.
Clearwater Seafoods Inc. (CLR-T)
Eduardo Santiago Gonzalez Lemmi, president of Glaciar Pesquera S.A., a company in partnership with Clearwater Seafoods, has been divesting shares in recent days. He sold 45,000 shares on June 12, 4,500 shares on June 9, and 500 shares on June 7. After these three sales were completed, he held a remaining balance of 406,262 shares in his portfolio.
Kinaxis Inc. (KXS-T)
Two executives have reported sales in the public market this month.
On June 8, Sarah Sedgeman, chief knowledge officer, exercised her options and sold the corresponding number of shares (12,500) at an average price per share of $88. The following day, she sold the remaining 385 shares in her portfolio, eliminating her ownership position.
On June 6, David Kelly, executive vice-president of professional services, exercised his options and sold the corresponding number of shares (12,500) at an average price per share of $88.3949, eliminating his portfolio's position.
Pason Systems Inc. (PSI-T)
Chairman of the board of directors James Hill sold 132,000 shares at an average price of approximately $19.50 per share on June 13, in addition to his sale of 68,000 shares the previous day.
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Jennifer Dowty