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 a security that has had recent insider buying activity.
Vermilion Energy Inc. (VET-T)
On Aug. 28, Carin Knickel, who sits on the board of directors, acquired 5,000 shares at a price per share of U.S.$32.1782, initiating a portfolio position.
The following three stocks have had recent insider selling activity.
Enerplus Corp. (ERF-T)
On Aug. 29, director Glen Roane sold 49,679 shares at a price per share of $16.528. The prior day, he divested 10,000 shares at a price per share of $16.505. These transactions eliminated his portfolio’s position.
Methanex Corp. (MX-T)
On Aug. 28, Wade Wiggins, vice-president – Europe and the Middle East, exercised his options and sold the corresponding number of shares (9,900) at a price per share of U.S. $76, leaving 25,070 shares in his account.
On Thursday, we reported president and chief executive officer John Floren sold nearly $1-million worth of stock on Aug. 24. He divested 10,000 shares at a price per share of $97, reducing his portfolio’s position to 47,627 shares. As well, Kevin Price, general counsel and corporate secretary, sold 1,251 shares at an average price per share of approximately $89.82 on July 30, trimming his account’s holdings to 6,703 shares.
Sprott Inc. (SII-T)
On Aug. 27, general counsel and senior managing director Arthur Einav sold 78,967 shares at a price per share of $3.27. The prior week, on Aug. 21, he sold 20,016 shares at a price per share of $3.23. After these two transactions his account balance stood at 1,037,074 shares.
The following stock has had mixed activity with both buying and selling activity recently reported by insiders.
Linamar Corp. (LNR-T)
On Aug. 28, chief executive officer Linda Hasenfratz purchased 4,300 shares for four accounts in which she has indirect ownership. In total, she bought 17,200 shares at an average cost per share of $57.7056 with her total investment amounting to nearly $1-million.
Earlier this month, we reported chief technology officer and executive vice-president of marketing Mark Stoddart sold 5,500 shares on Aug. 13 at a price per share of $54.2775 for an account in which he has indirect ownership, trimming the account’s holdings to 704,217 shares.