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 securities that have had recent insider buying activity.
Clarke Inc. (CKI-T)
On March 1, president and chief executive officer Michael Rapps bought 53,100 shares at a price per share of $13, increasing his portfolio’s holdings to 100,000 shares. The cost of this purchase totaled over $690,000.
Plaza Retail REIT (PLZ.UN-T)
Between March 1 and March 4, president, chief executive officer and trustee Michael Zakuta purchased a total of 50,000 units at an average cost per unit of approximately $4.16 across two accounts in which he has indirect ownerships. The total cost of these investments amounted to over $208,000.
West Fraser Timber Co. Ltd. (WFT-T)
On Feb. 28, president and chief operating officer Raymond Ferris invested over $102,000 in shares of the company. He acquired 1,600 shares at a cost per share of $64.1588, lifting his account balance to 20,727 shares.
That day, Chuck Watkins, vice-president – U.S. lumber manufacturing, purchased 1,000 shares at an average price per share of U.S.$49.66, raising his portfolio’s holdings to 3,400 shares. The cost of this purchase totaled just under U.S.$50,000.
Listed below is a stock that has had recent selling activity reported by an insider.
Kinross Gold Corp. (K-T)
On March 1, Greg Etter, senior vice-president – legal, global operations, government relations for U.S, and general counsel, sold 60,715 shares at a price per share of U.S.$3.36, leaving 3,907 shares in his portfolio. Proceeds from the sale amounted to over U.S. $200,000.