Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.
The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
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 securities that have had insider buying activity.
H&R Real Estate Investment Trust (HR.un-T)
On Feb. 21, Ron Rutman, who sits on the board of trustees, purchased 20,000 units at an average price per unit of $20.0494 for an account in which he has control or direction over (FEZ Financial Corp.), lifting the portfolio's holdings to 1,195,021 units.
Last month, we reported that Juli Morrow, who sits on the board of trustees, accumulated 9,200 units at an average cost per unit of $21.36 on Jan. 9, boosting her portfolio's holdings to 9,339 units.
Riocan Real Estate Investment Trust (REI.un-T)
On Feb. 20, Chief Financial Officer Qi Tang purchased a total of 10,000 units, initiating positions for two accounts. She acquired 4,500 units at an average cost per unit of $23.79 for an account in which she has control or direction over, and bought 5,500 units an average price per unit of $23.80 for an account in which she has indirect ownership.
The following stocks have had recent insider selling activity.
Lundin Mining Corp. (LUN-T)
On Feb. 23, Steve Gatley, Vice-President – Technical Services, exercised his options, receiving 120,000 shares and he sold 129,794 shares at an average price per share of $8.49, leaving an even 60,000 shares in his account.
Between Feb. 21 and Feb. 23, Neil O'Brien, Senior Vice-President – Exploration and New Business Development, exercised his options and sold the corresponding number of shares (110,000), leaving 82,000 shares in his portfolio.
West Fraser Timber Co. Ltd. (WFT-T)
On Feb. 21, Jim Pattison, with an ownership position exceeding 10 per cent, divested 11,100 shares at an average price per share of $89.4808 for an account in which he has indirect ownership (Great Pacific Capital Corp.), trimming the account's position to 7,914,900 shares.