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 stocks that have had recent insider buying activity.
Copper Mountain Mining Corp. (CMMC-T)
Year-to-date, the share price has rallied 38 per cent.
Between March 29 and April 3, the company’s president and chief executive officer Gil Clausen invested nearly $265,000 in shares of the company. He bought a total of 275,000 shares at an average cost per share of approximately 96 cents, increasing his portfolio’s position to 3,010,000 shares.
The company will be releasing its first quarter financial results before the market opens on Monday April 29 and hosting an earnings call that day at 7:30 am (PT).
ShawCor Ltd. (SCL-T)
Year-to-date, the share price has climbed 28 per cent.
On March 29, president and chief executive officer Steve Orr invested just over $100,000 with the purchase of 5,000 shares at a price per share of $20.10, lifting his account’s holdings to 22,565 shares.
On the fourth quarter earnings call held on March 7, Mr. Orr was optimistic for the second half of 2019 stating, “2019 is expected to be an improvement over 2018, but it will be a year of 2 halves. The first half will see continued cost related to the readiness of pipe coating facility needed for future work and to pursue projects and headwinds from Western Canada. The second half results will see benefit of higher pipe coating activity from work secured and several of our businesses reaching optimum loading.” He added, “We expect that 2019 will be an improvement over 2018 with Q1 [the first quarter] being the weakest as pipe coating utilization will be at the lowest and the reality of Western Canada's drilling season being very poor.”
Listed below are two securities that have had recent selling activity reported by insiders.
Boardwalk Real Estate Investment Trust (BEI.UN-T)
On March 29, Dean Burns, general counsel and corporate secretary, sold 7,555 units at a price per unit of $40.9288 with 8,215 units remaining in this account. Proceeds from the sale totaled over $309,000.
On March 29, Lisa Russell, senior vice-president – corporate development, sold 1,500 units at a price per unit of $41 with a remaining account balance of 11,289 units. Proceeds from the sale totaled $61,500.
On March 26, Helen Mix, vice-president- human resources, divested 2,978 units at an average price per unit of approximately $41.18, leaving 4,330 units in her account. Proceeds from the sale exceeded $122,000.
Choice Properties Real Estate Investment Trust (CHP.UN-T)
On March 28 and March 29, vice chairman of the Trust and the former chief executive officer and president John Morrison exercised his options at a price per share of $11.51 and sold the corresponding number of shares received (211,000) at an average price per share of approximately $14.13, eliminating his holdings in this account.