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 two securities that have had recent insider buying activity.
Labrador Ire Ore Royalty Corp. (LIF-T)
On March 25, president and chief executive officer John Tuer acquired 10,000 shares at a cost per share of $28.86, initiating a position in this account. The cost of the investment exceeded $288,000.
On March 21, William McNeil, who sits on the board of directors, bought 3,000 shares at a price per share of $29.09, lifting his account balance to 5,000 shares. The cost of this purchase totaled over $87,000.
Year-to-date, the share price is up 24 per cent and the stock is currently yielding approximately 3.5 per cent.
Peyto Exploration & Development Corp. (PEY-T)
On March 22, chief operating officer JP Lachance invested over $65,000 in shares of the company. He purchased 8,800 shares at a cost per share of $7.41, increasing his portfolio’s position to 110,760 shares.
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Listed below are two stocks that have had recent selling activity reported by insiders.
Osisko Gold Royalties Ltd. (OR-T)
Between March 20 and March 22, director John Burzynski exercised his options and sold the corresponding number of share received (180,933) at an average price per share of approximately $15.60, leaving 17,294 shares in his account. Proceeds from the sales amounted to over $2.8-million.
Between March 5 and March 21, fellow director André Gaumond exercised is options and sold the corresponding number of shares (71,853) at an average price per share of roughly $15.14 with a closing account balance of 94,101 shares. Proceeds from the sales exceeded $1-million.
Secure Energy Services Inc. (SES-T)
Between March 4 and March 22, George Wadsworth, executive vice-president – drilling and production services, exercised his rights, receiving 61,782 shares, and sold a total of 51,235 shares at an average price per share of $8.42 with 560,105 shares remaining in his account. Proceeds from the sales totaled over $431,000.
Jennifer Dowty