Friday’s Insider Report: Billionaire shareholder invests over $4-million in this stock yielding 5%

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.

Listed below are three securities that have had recent buying activity in the public market reported by insiders.

NGEx Minerals Ltd. (NGEX-X)

On April 6, director Adam Lundin bought 200,000 shares at an average price per share of approximately $5.62, raising this specific account’s holdings to 970,000 shares. The cost of this investment exceeded $1.1-million.

True North Commercial REIT (TNT-UN-T)

On April 5, founder, president and chairman Daniel Drimmer acquired 156,000 units at a price per unit of $3.29 for an account in which he has indirect ownership (D.D. Acquisitions Partnership), lifting this particular account’s position to 8,269,393 units.

Westshore Terminals Investment Corp. (WTE-T)

Month-to-date, billionaire businessman Jimmy Pattison has invested over $4-million in this high-yielding stock.

On April 14, Mr. Pattison, with an ownership position exceeding 10 per cent, invested over $3-million in shares of Westshore. He bought 107,100 shares at a cost per share of $28.6228 for an account in which he has indirect ownership (Great Pacific Capital Corp.), after which this particular account held 16,568,232 shares.

On April 6, he purchased 58,900 shares at a price per share of $26.796 for a total cost in excess of $1.5-million.

Westshore pays its shareholders a quarterly dividend of 35 cents per share or $1.40 per share yearly, equating to a current annualized dividend yield of 5 per cent.

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Listed below is a stock that has had recent selling activity in the public market reported by the CEO.

Canadian Pacific Railway Ltd. (CP-T)

On April 10 and 11, president and chief executive officer Keith Creel exercised his options, receiving a total of 117,957 shares at an average cost per share of approximately US$30.23, and sold 117,957 shares at an average price per share of roughly US$76.09 with 72,960 shares remaining in this specific account. Net proceeds totaled over U.S. $5.4-million, excluding any associated transaction fees.

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