BCE Inc.The Canadian Press
Featured below are 10 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.
Alaris Royalty Corp. (AD-T)
On May 25, Darren Driscoll, the company's chief financial officer, purchased 3,000 shares. In addition, Jack Lee, the chairman of the board of directors, accumulated 2,000 shares at an average price per share of $19.96 on May 18, increasing his portfolio's position to 4,368 shares.
BCE Inc. (BCE-T)
On May 18, board member Katherine Lee, acquired 1,000 shares at an average price per share of $60, increasing her portfolio's position to 4,000 shares.
Colliers International Group Inc. (CIGI-T)
In addition to sitting on the board of directors at BCE Inc., Katherine Lee is also a board member at Colliers International Group. On May 18, she purchased 1,000 shares at an average price per share of $70, increasing her portfolio's holdings to 3,000 shares.
Dream Unlimited Corp. (DRM-T)
On May 23, board member, Duncan Jackman, purchased 10,000 shares at an average price per share of $7.73, initiating a portfolio position.
Westshore Terminals Investment Corp. (WTE-T)
On May 24, the chief financial officer Dallas Ross bought 8,000 shares at an average price of 19.50 per share, increasing his ownership position to 20,000 shares.
In prior reports, we mentioned that Jim Pattison, with an ownership position of over 10 per cent, has been an active buyer, accumulating 5,000 shares at an average price per share of $20.7127 on May 12. Mr. Pattison acquired 80,000 shares at an average price per share of $22.70 on May 9, 166,000 shares at an average price per share of $22.7348 on May 8, 163,400 shares at an average price per share of $23.0449 on May 5, and bought 315,200 shares at an average price per share of $23.1185 on May 4.
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Recent insider selling activity has occurred in the following companies.
Baytex Energy Corp. (BTE-T)
On May 25, Murray Desrosiers, the vice-president, general counsel and corporate secretary, eliminated 15,000 shares from his portfolio at an average price per share of $4.33, reducing his portfolio's holdings to 61,412 shares.
Canadian Energy Services (CEU-T)
Several insiders have been selling shares. Notably, on May 24, Ken Zinger, the chief operating officer, sold 29,089 shares at an average price per share of $7.14, trimming his portfolio's holdings to 1,276,661 shares. On May 23, the chief financial officer Craig Nieboer exercised his options and the same day sold the corresponding number of shares, 50,000 shares, at an average price per share of $7.1281, reducing his portfolio's position to 818,645 shares. On May 19, board member Michael Stewart, sold 18,361 shares from his portfolio at an average price per share of $7.30, dropping his portfolio's holdings to 55,500 shares.
Magna International Inc. (MG-T)
On May 23, the chief operating officer Tommy Skudutis sold 22,856 shares in two trades, selling 8,856 shares at an average price per share of $61.29 and divesting 14,000 shares at an average price per share of $61.34. These transactions eliminated his portfolio's position.
New Flyer Industries Inc. (NFI-T)
The president and chief executive officer Paul Soubry sold 53,100 shares at an average price per share of $56 on May 25. The prior day, he sold 90,900 shares at an average price per share of $55.8333. These two trades reduced his portfolio's holdings to 320,184 shares.
Last week, we reported that James Sardo, who sits on the board of directors, sold 5,000 shares on May 15, trimming his portfolio's holdings to 20,367 shares.
Vermilion Energy Inc. (VET-T)
On May 19, Mona Jasinski, the executive vice-president of people and culture, sold 6,500 shares at an average price per share of $46.90, trimming her portfolio's holdings to 34,427 shares.
Jennifer Dowty