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Inside the Market Friday’s Insider Report: CEO invests nearly $500,000 in this beaten-down dividend 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 or perhaps shares may be sold to address tax implications when options and rights are exercised. 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. In addition, I tend to put great weight on insider transaction activity when I see multiple insiders trading a company's shares or units. Furthermore, it can be of value to note if an insider’s share or unit balance (investment in the company) is trending higher or lower.

Listed below are two stocks that have had recent insider buying activity.

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Husky Energy Inc. (HSE-T)

On March 7, president and chief executive officer Robert Peabody invested approximately $494,000 in shares of Husky Energy. He bought 35,000 shares at an average price per share of roughly $14.11, increasing this portfolio’s position to 185,213 shares.

The stock pays its shareholders a quarterly dividend of 12.5 cents per share or 50 cents per share yearly. This equates to an annualized yield of 3.6 per cent.

Premier Gold Mines Ltd. (PG-T)

Between March 12 and March 15, president and chief executive officer Ewan Downie invested over $156,000 in shares of the company. He purchased a total of 90,000 shares at an average cost per share of approximately $1.74, lifting his account’s holdings to 4,200,278 shares.

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Listed below is a security that has had recent selling activity reported by an insider.

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Industrial Alliance Insurance and Financial Services Inc. (IAG-T)

On March 4, Renée Laflamme, executive vice-president of individual insurance, savings and retirement, exercised her options and sold the corresponding number of shares received (6,000) at a price per share of $51.3638 with 5,924 shares remaining in the account. Proceeds from the sale totalled over $308,000.

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The following stock has had mixed trading with both buying and selling activity recently reported by insiders.

Linamar Corp. (LNR-T)

On March 15, Dennis Grimm, who sits on the board of directors, purchased 1,040 shares at a price per share of $47.98, raising his portfolio’s position to 2,780 shares. The cost of this purchase was just under $50,000.

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On March 14, chief technology officer and executive vice-president of sales and marketing Mark Stoddart sold 5,000 shares at a price per share of $47.87 for an account in which he has indirect ownership, trimming the account’s holdings to 672,017 shares. Proceeds from the sale exceeded $239,000.

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