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 stock that has had recent insider buying activity.
Ensign Energy Services Inc. (ESI-T)
On Feb. 20, president and chief operating officer Robert Geddes invested over $212,000 in shares of the company. He purchased 40,000 shares at a cost per share of $5.3213, increasing his portfolio’s holdings to 728,041 shares.
The company pays its shareholders a quarterly dividend of 12 cents per share, or 48 cents per share yearly, equating to a current annualized dividend yield of approximately 9 per cent.
Listed below are three securities that have had recent selling activity reported by insiders.
Allied Properties Real Estate Investment Trust (AP.UN-T)
Between Feb. 21 and Feb. 25, Ralph Neville, who sits on the board of trustees, exercised his options, receiving 2,119 units, and sold 1,400 units at a price per unit of $47.7471, leaving 11,060 units in his account. Proceeds totaled over $66,000.
ATS Automation Tooling Systems Inc. (ATA-T)
On Feb. 25, corporate vice-president, general counsel Stewart McCuaig exercised his options and sold the corresponding number of shares (11,000) at a price per share of $18.8458, eliminating his account’s holdings. Proceeds from the sale exceeded $207,000.
On Feb. 19, Thomas Wildt, vice-president of operations, exercised his options and sold the corresponding number of shares received (12,500) at a price per share of $18.1849, eliminating his portfolio’s position. Proceeds from the sale totaled over $227,000.
TMX Group Ltd. (X-T)
On Feb. 19, chief financial officer John McKenzie exercised his options and sold the corresponding number of shares received (6,957) at an average price per share of approximately $84.05, eliminating his account’s holdings. Proceeds from the sale exceeded $584,000.