Friday’s Insider Report: A vice-president buys on the dip, investing over $200,000 in this stock

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 recent insider buying activity.

Descartes Systems Group Inc. (DSG-T)

On Oct. 12, Chris Hewat, who sits on the company’s board of directors, acquired 1,800 shares at a price per share of $40.76 for an account in which he has control or direction over, initiating a portfolio position.

Yangarra Resources Ltd. (YGR-T)

Over the course of two days, on Oct. 16 and Oct. 17, Gurdeep Gill, vice-president – business development, invested over $200,000 in shares of this company. Mr. Gill purchased a total of 50,000 shares at a cost per share of $4.2498, increasing his account’s holdings to 140,791 shares. Month-to-date, the share price has tumbled nearly 17 per cent.

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The following two stocks have had recent selling activity reported by insiders.

Bausch Health Companies Inc. (BHC-T)

Over two trading sessions, on Oct. 15 and Oct. 16, Christina Ackermann, executive vice-president and general counsel, sold a total of 19,946 shares at an average price per share of US$24.98, eliminating her account’s position.

First Majestic Silver Corp. (FR-T)

On Oct. 16, Todd Anthony, vice-president of corporate development, sold 40,000 shares at an average price per share of approximately $8.26 with 35,000 shares remaining in his account.