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 stocks that have had recent insider buying activity.
Cenovus Energy Inc. (CVE-T)
Year-to-date, the share price is up over 37 per cent, and the stock is currently yielding 1.5 per cent.
On April 4, the company’s chief financial officer Jon McKenzie invested approximately $180,000 in shares of the company with the purchase of 15,000 shares at a price per share of $12.0089. This trade lifted his account’s holdings to 66,758 shares.
Peyto Exploration & Development Corp. (PEY-T)
On April 4, chief financial officer Kathy Turgeon purchased 10,000 shares at a price per share of $6.44, raising her portfolio’s holdings to 100,610 shares.
The company pays its shareholders a monthly dividend of 2 cents per share, or 24 cents per share yearly, equating to an annualized yield of 3.5 per cent.
Tricon Capital Group Inc. (TCN-T)
Year-to-date, the share price is up over 12 per cent, and the stock is currently yielding 2.6 per cent.
On April 8, president, chief executive officer and director Gary Berman invested $54,000 in shares of the company. He purchased 5,050 shares at a price per share of $10.75, initiating a position in this account (TFSA).
In a relatively small transaction, chief financial officer Wissam Francis bought 2,335 shares at a cost per share of $10.685 on April 5, lifting his account’s holdings to 4,435 shares.
Listed below is a stock that has had recent selling activity reported by an insider.
Great Canadian Gaming Corp. (GC-T)
On April 4, Ron Urquhart, vice-president of operations in Ontario, exercised his options, receiving 6,667 shares at a cost per share of $24.07. He sold these shares at a price per share of $50.63, leaving 200 shares in this account. Net proceeds from the sale totaled approximately $177,000.