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.
The Bank of Nova Scotia (BNS-T)
In recent days, three directors were buyers in the public market.
In a transaction valued at over $1-million, Aaron Regent purchased 13,400 shares at an average cost per share of approximately $74.91 on Sept. 7, increasing his portfolio’s position to 45,777 shares.
On Aug. 30, Scott Bonham acquired 500 shares at a price per share of U.S.$58.5699, lifting his account balance to 1,500 shares.
Earlier this month, we reported that Tiff Macklem, who sits on the board of directors and is the Dean at the University of Toronto’s Rotman School of Management, made a small purchase on Aug. 30. He acquired 190 shares at a cost per share of $76.0668, lifting his portfolio’s holdings to 1,300 shares.
Onex Corp. (ONEX-T)
On Sept. 7, managing director Tawfiq Popatia accumulated 5,000 shares at a price per share of $88.99, boosting his portfolio’s holdings to 8,894 shares.
The following two stocks have had recent selling activity reported by insiders.
Alimentation Couche-Tard Inc. (ATD.B-T)
In a transaction valued at over $4-million, on Sept. 10, president and chief executive officer Brian Hannasch exercised his options, receiving 75,000 shares, and divested 66,620 shares at a price per share of $66.23.
Stella-Jones Inc. (SJ-T)
On Sept. 6, Mary Webster, who sits on the board of directors, sold 5,000 shares at an average price per share of approximately $44.32, reducing her account balance to 22,600 shares.