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Element Financial insiders truck in more shares

Insiders are buying at transportation and industrial equipment finance company Element Financial Corp.

Seth Perlman/AP

Investors seem impressed with the growth of transportation and industrial equipment finance company Element Financial Corp. The stock is up about 40 per cent over the past three months. So, when we came across multimillion dollar buy filings at the firm recently, we took note. On June 28, five insiders including the CEO spent $19-million buying shares in the public market. Insiders paid $12 on average for 1,583,000 shares. It is usually a positive signal when multiple insiders buy significant amounts of shares after a stock has been rallying strongly.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

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