Skip to main content

The Globe and Mail

Tuesday’s Insider Report: Companies insiders are buying and selling

Burger King french fries stuffed into a Tim Hortons coffee cup outside a Burger King in Richmond, B.C., Aug. 26, 2014.

John Lehmann/The Globe and Mail

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 featuring two companies that have had recent insider buying activity.

Story continues below advertisement

Ag Growth International Inc. (AFN-T)

On Nov. 15, President and Chief Executive Officer Tim Close acquired 1,000 shares at an average cost per share of $49.80. The prior day, he bought 1,298 shares at an average price per share of $50.24. After these two purchases, his portfolio held 77,352 shares.

Enerflex Ltd. (EFX-T)

On Nov. 14, Maureen Cormier Jackson, who sits on the board of directors, purchased 5,000 shares at an average cost per share of $15.347, initiating a portfolio position.

=====

The following stock has had recent insider selling activity by two insiders.

Magna International Inc. (MG-T)

Story continues below advertisement

On Nov. 13, Chief Executive Officer Donald Walker sold 200,000 shares at an average price per share of $67.37, trimming his sizeable portfolio position down to 1,208,455 shares. In a separate account for which he has control or direction over, he exercised his options and sold the corresponding number of shares (120,000) over the next few days, eliminating the portfolio's position.

On Nov. 14, Marc Neeb, Executive Vice-President and Chief Human Resources Officer, exercised his options and sold the corresponding number of shares (43,332) at an average price per share of $67.20, leaving 39,687 shares in the account.

=====

The following company has had mixed trading with both buying and selling activity reported by insiders.

Restaurant Brands International Inc. (QSR-T)

From Nov. 3 through to Nov. 16, José Cil, president of the Burger King brand, exercised his options, receiving 467,794 shares. He sold 211,877 shares during this period, leaving 512,004 shares in his account.

Story continues below advertisement

On Nov. 8, Paul Fribourg, who sits on the board of directors, bought 384,024 shares at an average cost per share of $65.10 (U.S.) for an account that he has control or direction over (Continental Grain Company), initiating a portfolio position.

Report an error Licensing Options
About the Author
Equities analyst

Jennifer Dowty has been an investment reporter and equities analyst at The Globe and Mail since 2015. Prior to joining The Globe and Mail, she worked for approximately 18 years in the financial industry, of which nearly 14 years were at Manulife Asset Management. More

Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Please note that our commenting partner Civil Comments is closing down. As such we will be implementing a new commenting partner in the coming weeks. As of December 20th, 2017 we will be shutting down commenting on all article pages across our site while we do the maintenance and updates. We understand that commenting is important to our audience and hope to have a technical solution in place January 2018.

Discussion loading… ✨