A worker at the Linamar plant in Guelph, Ontario. Linamar is a manufacturer of precision metallic components and systems for the automotive industry, and mobile industrial markets.
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.
Capstone Mining Corp. (CS-T)
On June 20, George Brack, chairman of the board of directors, accumulated 100,000 shares at an average cost of 79.7 cents per share, lifting his portfolio's positon to 705,000 shares.
Enerflex Ltd. (EFX-T)
On June 21, Kevin Reinhart, who sits on the board of directors, purchased 11,750 shares at an average cost of just over $17 per share, initiating a portfolio position. The same day, Philip Pyle, president of international operations, acquired 4,500 shares at an average price of $16.60 per share, increasing his ownership position to 38,278 shares.
Westshore Terminals Investment Corp. (WTE-T)
On June 22, Michael Korenberg, who sits on the board of directors, purchased 10,000 shares, initiating a portfolio position.
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Recent insider selling activity has occurred in the following companies.
CCL Industries Inc. (CCL.B-T)
On June 19, president and chief executive officer Geoffrey Martin sold 146,270 shares at an average price per share of $65.3245, leaving a remaining portfolio balance of half a million shares.
Computer Modelling Group Ltd. (CMG-T)
On June 20, David Hicks, vice-president of the eastern hemisphere, trimmed his portfolio, selling 10,000 shares at an average price of $10.25 per share. Mr. Hicks has a remaining portfolio balance of 261,300 shares.
Linamar Corp. (LNR-T)
On June 19, Kenneth McDougall, group president of the Linamar Canada-Mexico group, divested 4,000 shares at an average price per share of $62.10, reducing his portfolio's holdings to 6,269 shares.
Sleep Country Canada Holdings Inc. (ZZZ-T)
On June 19, president of Dormez-vous? and chief business development officer Stewart Schaefer sold 13,500 shares. Mr. Schaefer's remaining portfolio position is significant at 324,787 shares.
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Jennifer Dowty