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 two dividend stocks that have had recent insider buying activity.
Guardian Capital Group Limited (GCG-T)
On Sept. 27, president and chief executive officer George Mavroudis bought 4,000 shares at an average price per share of approximately $24.20, increasing his portfolio’s position to 78,100 shares. The cost of this purchase totaled over $96,000.
On Sept. 26, Petros Christodoulou, senior vice-president – strategic planning and development, invested $121,000 in shares of the company. He purchased 5,000 shares at a price per share of $24.20.
Stella-Jones Inc. (SJ-T)
On Oct. 1, Éric Vachon invested over $194,000 in shares of the company. He acquired 5,000 shares at a cost per share of $38.9334 for an account in which he has control or direction over. Effective Oct. 11, chief financial officer Mr. Vachon will assume the role as the company’s president and chief executive officer.
On Sept. 18, chair Katherine Lehman purchased 1,500 shares at a price per share of $40, lifting her account’s holdings to 5,500 shares. The cost of this investment, not including trading fees, was $60,000.
Listed below are two securities that have had recent selling activity reported by insiders.
Dream Global Real Estate Investment Trust (DRG-UN-T)
On Sept. 27, Duncan Jackman, who sits on the board of trustees, divested 27,382 units at a price per unit of $16.59, eliminating his account’s holdings. Proceeds from the sale, excluding commission charges, exceeded $454,000.
Kinross Gold Corp. (K-T)
On Sept. 27, Mike Sylvestre, senior vice-president – Americas operations, sold 18,182 shares at a price per share of $6.492, reducing his portfolio’s position to 19,856 shares. Net proceeds from the sale, not including trading fees, totaled over $118,000.
On Sept. 26, executive vice-president and chief technical officer Paul Tomory divested 20,000 shares at a price per share of $6.785, leaving 123,807 shares in his account. Net proceeds, excluding commission charges, exceeded $135,000.
Previously, we reported a trade that occurred on Sept. 23. Tara Wiseman, vice-president – global human resources, sold 10,000 shares at a price per share of $7 with a remaining account balance of 71,857 shares.