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Featured below are 22 companies that have experienced recent insider buying activity in the public market through their direct and indirect ownerships. Many purchases are relatively small with insiders making modest investments.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. I tend to put great weight on insider transaction activities when I see multiple insiders buying shares of a company.
Boston Pizza Royalties Income Fund (BPF.UN-T)
Chairman of the board of trustees William Brown bought 2,000 units at a price of $22.42 per unit on March 22.
Calian Group Ltd. (CGY-T)
On March 17, chairman of the board Ken Loeb bought 2,000 shares at a price of $25.99 per share.
CCL Industries Inc. (CCL.B-T)
Vincent Galifi, who sits on CCL's board of directors and is the chief financial officer of Magna International, purchased 200 shares of CCL Industries at a price of $290 per share on March 21.
Continental Gold Inc. (CNL-T)
Ari Sussman, chief executive officer, bought 10,000 shares at a price of $4.10 per share on March 23.
Freehold Royalties Ltd. (FRU-T)
On March 20, Michael Stone, the vice-president of land, accumulated 5,346 shares at a price of $13.77 per share.
Gran Tierra Energy Inc. (GTE-T)
On March 21, Alan Johnson, vice-president of Asset Management, bought 12,000 shares.
Last week, we reported that global long/short equity investment manager GMT Capital Corp., with over a 10-per-cent interest, continued to accumulate shares, purchasing 518,100 shares on March 13, bought 716,400 shares on March 6, accumulated 319,800 shares on March 3, and purchased 288,100 shares at the start of the month. In addition, Brooke Wade, who sits on the board of directors, bought 142,600 shares on March 13.
Inter Pipeline Ltd. (IPL-T)
Anita Dusevic Oliva, vice-president of legal, purchased 1,000 shares at a price of $27.49 per share on March 20.
Kingsway Financial Services Inc. (KFS-T)
Board member Gary Schaevitz recently completed two relatively small purchases, accumulating 5,000 shares on March 22 and purchasing 1,900 shares the previous week, on March 15.
Martinrea International Inc. (MRE-T)
On March 20, Rocco Marinaccio, the company's vice-president of operations (Flexible Manufacturing Group), purchased 10,150 shares. As well, chief internal auditor Hany Morsy accumulated 2,800 shares at a price of $10 per share on March 17.
Last week, we reported that two senior executives have been accumulating shares. Chief financial officer Fred Di Tosto bought 2,900 shares on March 10, in addition to his purchase of 17,065 shares completed the prior day, and president and chief executive officer Pat D'Eramo purchased 16,200 shares on March 7.
Magellan Aerospace Corp. (MAL-T)
Board member, Bruce Gowan, bought 3,000 shares at a price of $18.54 per share on March 20.
Mediagrif Interactive Technologies Inc. (MDF-T)
Chairman, president and chief executive officer Claude Roy has been steadily accumulating shares on share price weakness. His most recent purchase occurred on March 22, totalling 8,000 shares at a price of $16 per share.
MEG Energy Corp. (MEG-T)
On March 21, Timothy Hodgson, who sits on the board of directors, made a relatively small purchase last week, buying 8,000 shares at a price of $6.16 per share.
Nevsun Resources Ltd. (NSU-T)
Vice-president of finance Peter Tam bought 10,000 shares at a price of $3.275 per share on March 17. On March 9, board member Ian Pearce purchased 29,500 shares.
Osisko Mining Inc. (OSK-T)
On March 22, Christopher Curfman, who sits on the board of directors of Osisko Gold Royalties, purchased 10,000 shares of Osisko Mining at a price of $3.361.
People Corp. (PEO-X)
Despite the near record high stock price, Scott Anderson, who sits on the board of directors, purchased 32,200 shares on March 17.
Pine Cliff Energy Ltd. (PNE-T)
Philip Hodge, the president and chief executive officer, made a small purchase of 7,900 shares at a price of 74 cents per share on March 21. Robert Disbrow, with an ownership position exceeding 10 per cent, has purchased over 1 million shares since the beginning of February.
Pure Technologies Ltd. (PUR-T)
President and chief executive officer John Elliott bought 5,500 shares on March 21. On March 15, Michael Higgins, vice-president of North American, purchased 20,000 shares.
Richmont Mines Inc. (RIC-T)
On March 22, Robert Chausse, chief financial officer, purchased 15,000 shares at a price of $9.72 per share.
RioCan Real Estate Investment Trust (REI.UN-T)
Nigel Bunbury, vice-president of financial reporting and controls, purchased 4,700 units at a price of $25.89 per unit on March 23.
Tourmaline Oil Corp. (TOU-T)
Chairman, president and chief executive officer Michael Rose continued to accumulate shares in his portfolio, adding another 2,500 shares on March 22 at a price of $27.85 per share.
Last week, we reported that Mr. Rose accumulated 5,000 shares at a price of $28.7682 per share on March 14, and board member Jill Angevine accumulated 3,000 shares at a price of $29.29 per share on March 13.
Whitecap Resources Inc. (WCP-T)
Jeffery Zdunich, vice-president of finance and controller, purchased 5,600 shares at a price of $9.85 per share on March 21.
WSP Global Inc. (WSP-T)
Board member Suzanne Rancourt accumulated 1,000 shares in her portfolio at a price of $46.75 per share on March 21.