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.
Jamieson Wellness Inc. (JWEL-T)
On March 1, chairman David Williams invested nearly $300,000 in shares of the company. He bought 15,000 shares at a cost per share of $19.75, increasing his account’s holdings to 120,000 shares.
That day, director Angela Holtham made a relatively small purchase. She acquired 800 shares at an average price per share of $19.65, raising her portfolio’s position to 1,300 shares. The cost of the purchase was just under $16,000.
The company pays its shareholders a quarterly dividend of 9 cents per share with a current yield of 1.8 per cent.
Pan American Silver Corp. (PAAS-T)
Between Feb. 27 and March 1, Michael Carroll, who sits on the board of directors, acquired a total of 10,000 shares at an average price per share of approximately US$13.24, lifting his account balance to 41,693 shares. The cost of these trades totaled over U$132,000.
Listed below are two securities that have had recent selling activity reported by insiders.
Canadian Apartment Properties Real Estate Investment Trust (CAR.UN-T)
On March 1, David Ehrlich divested 32,294 units at a price per unit of $50.11 with 6,040 units remaining in his account. Proceeds from this sale totaled over $1.6-million. Mr. Ehrlich retired from his role as the REIT’s chief executive officer on Dec. 31, 2018 but remains on CAPREIT’s board of trustees.
Magna International Inc. (MG-T)
On March 1, chief executive officer Donald Walker sold 70,500 shares at a price per share of $69.93, leaving 1,394,475 shares in his portfolio. Proceeds from the sale exceeded $4.9-million.
Earlier this month, we reported that the company’s chief operating officer Tommy Skudutis exercised his options and sold the corresponding number of shares received (68,315) at a price per share of U.S.$53.80 on Feb. 25. Proceeds from this sale totaled over U.S.$3.6-million. In addition, he divested 56,411 shares at a price per share of Cdn. $71.03 with proceeds amounting to over Cdn. $4-million. His remaining account balance stood at 9,574 shares.