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 buying activity in the public market reported by an insider.
Lundin Mining Corp. (LUN-T)
Between March 29-30, president Jack Lundin bought a total 113,800 shares at an average cost per share of approximately $8.78, increasing this particular account’s position to 310,563 shares. The cost of these purchases totaled just under $1-million, not including trading fees.
Lundin Mining pays its shareholders a quarterly dividend of 9 cents per share or 36 cents per share yearly, equating to a current annualized yield of 3.9 per cent.
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Listed below are three stocks that have had recent selling activity in the public market reported by insiders.
BRP Inc. (DOO-T)
On March 31, senior vice-president, omnichannel experience and apparel business Josée Perreault exercised her options, receiving a total of 41,575 shares at an average cost per share of approximately $32.114, and sold 41,575 shares at a price per share of $105, after which this specific account did not hold any shares. Net proceeds totaled over $3-million, excluding any associated transaction fees.
Between March 27-30, chief legal officer Martin Langelier exercised his options, receiving a total of 19,775 shares at an average cost per share of roughly $39.223, and sold 19,775 shares at an average price per share of approximately $105 with 49,437 shares remaining in this particular account. Net proceeds totaled over $1.3-million, excluding any associated transaction fees.
Dollarama Inc. (DOL-T)
On April 3, director Gregory David exercised his options, receiving 12,000 shares at a cost per share of $12.0217, and sold 12,000 shares at a price per share of $80.6573, eliminating his position in this specific account. Net proceeds exceeded $823,000, not including any associated transaction charges.
Franco-Nevada Corp. (FNV-T)
On March 31, senior vice-president, business development Eaun Gray exercised his options, receiving 6,000 shares at a cost per share of $100.10, and sold 6,000 shares at a price per share of $197.58 with 5,067 shares remaining in this specific account. Net proceeds exceeded $584,000, not including any associated transaction charges.
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Jennifer Dowty