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 is a REIT that has had recent buying activity in the public market reported by an insider.
BSR Real Estate Investment Trust (BSR.U-T)
On Dec. 7, chair of the board Neil Labatte invested over US$403,000 in units of BSR. He bought 30,000 units at an average cost per unit of approximately US$13.45, lifting this specific account’s holdings to 78,500 units.
The company pays its unitholders a monthly distribution of 4.33 US cents per unit or 52 US cents per unit yearly, equating to a current annualized yield of approximately 3.9 per cent.
According to Refinitiv, the REIT has a unanimous buy recommendation from 12 analysts.
Listed below are three securities that have had recent selling activity in the public market reported by insiders.
Cathedral Energy Services Ltd. (CET-T)
On Dec. 5, Lee Harns divested 249,672 shares at a price per share of 99.48 US cents, trimming this particular account’s position to 12,953,431 shares. Proceeds from the sale exceeded US$248,000, excluding trading fees.
In July, Cathedral acquired Altitude Energy Partners LLC. Mr. Harns is the president of Altitude.
Dollarama Inc. (DOL-T)
On Dec. 9, chief information officer Nicolas Hien exercised his options, receiving 12,000 shares at a cost per share of $14.7967, and sold 12,000 shares at a price per share of $83.7044, after which this particular account did not hold any shares. Net proceeds totaled over $826,000, not including any associated transaction charges.
Dundee Corp. (DC.A-T)
On Dec. 5-6, director Murray Sinclair sold a total of 1-million shares at an average price per share of approximately $1.506 for an account in which he has control or direction over (Earlston Investments Corp.), leaving 659,498 shares in this particular account. Proceeds from the sales exceeded $1.5-million, excluding commission charges.
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