A view of the forming line at Norbord's Nacogdoches mill as it feeds into the press.
Featured below are companies that have experienced recent insider trading 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.
Atlantic Gold Corp. (AGB-X)
On Aug. 21, Ryan Beedie, who sits on the board of directors, purchased 20,000 shares for an account in which he has control or direction (Beedie Investments Ltd.) at an average price per share of $1.4585. The prior week, for four consecutive days from Aug. 14 through Aug. 17, he purchased a total of 130,000 shares for this account. After these trades, he held over 44.7-million shares in this portfolio.
Nevsun Resources Ltd. (NSU-T)
On Aug. 25, chief development officer Scott Trebilcock acquired 40,000 shares at an average cost per share of $2.82, increasing his portfolio's position to 48,461 shares.
Whitecap Resources Inc. (WCP-T)
On Aug. 29, Jeffrey Zdunich, vice-president - finance and controller, bought 5,000 shares at an average price per share of $8.46, lifting his portfolio's share count to 105,676.
On Aug. 21, chairman of the board of directors Grant Fagerheim purchased 8,000 shares for an account in which he has control or direction over at an average price per share of $8.8749, raising the account's holdings to 716,653 shares. The previous week, on Aug. 15, Mr. Fagerheim bought 12,000 shares for his personal account at an average cost per share of $8.9374, increasing his portfolio's position to 1,912,625 shares.
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The following companies have had recent insider selling activity.
Athabasca Oil Corp. (ATH-T)
On Aug. 25, president and chief executive officer Rob Broen exercised his rights, receiving 233,333 shares. That day, he sold 137,008 shares at an average price per share around the 95 cents level, trimming his portfolio's holdings to 737,770 shares.
Norbord Inc. (OSB-T)
On Sept. 1, chief financial officer Robin Lampard exercised her options and sold the corresponding number of shares (28,700) at an average price per share of $43. The prior trading day, she also exercised her options and sold the corresponding number of shares (51,300). Post these transactions, her portfolio held 23,075 shares.
On Aug. 28, Nigel Banks, senior vice-president – corporate services, exercised his options and sold the corresponding number of shares (19,000) at an average price per share of $42, reducing his portfolio's position to 6,904 shares.
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The following companies have had mixed trading with both insider buying and selling activity.
BCE Inc. (BCE-T)
On Aug. 18, board member Katherine Lee acquired 2,000 shares at an average price per share of $58.91, increasing her portfolio's holdings to 6,000 shares.
On the previous trading day, Blaik Kirby, president of Bell Mobility, sold 6,498 shares at an average price per share of $59.30, eliminating his portfolio's position.
DIRTT Environmental Solutions Ltd. (DRT-T)
On Aug. 24, the company's chief executive officer Mogens Smed sold 100,000 shares at an average price per share of $5.78, trimming his portfolio's holdings to 282,639 shares.
The same day, the firm's president Scott Jenkins purchased 50,000 shares at an average price per share of $5.81, increasing his portfolio's position to 321,089 shares.
Last month, we reported that Mr. Jenkins acquired 4,000 shares at an average price per share of $5.28 on August 14, and the prior trading day, on Aug. 11, he bought 4,500 shares at an average cost per share of $5.6033.
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Jennifer Dowty