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 securities that have had recent insider buying activity.
Methanex Corp. (MX-T)
On Sept. 24, Kevin Rodgers invested over US$112,000 in shares of the company. He purchased 3,000 shares at a cost per share of US$37.52, doubling his account’s position to 6,000 shares.
Earlier this year, Mr. Rodgers joined the company’s board of director.
Methanex pays its shareholders a quarterly dividend of 36 US cents per share or US$1.44 per share yearly, equating to a current annualized yield of 4.1 per cent.
Pason Systems Inc. (PSI-T)
On Sept. 24 and Sept. 25, president and chief executive officer Marcel Kessler acquired a total of 7,500 shares at an average price per share of approximately $16.63, increasing his portfolio’s holdings to 60,138 shares. The cost of these purchases, not including trading fees, exceeded $124,000.
On Sept. 25, chief financial officer Jon Faber invested $66,000 in shares of Pason. He bought 4,000 shares at a cost per share of $16.50, lifting his account balance to 21,500 shares.
Pason pays its shareholders a quarterly dividend of 19 cents per share or 76 cents per share yearly, equating to a current annualized yield of 4.7 per cent.
Listed below is a stock that has had recent selling activity reported by an insider.
BCE Inc. (BCE-T)
On Sept. 20, Wade Oosterman, vice chair and group president of Bell Canada and BCE, exercised his options, receiving 112,360 shares at a cost per share of $56.05, and sold 112,360 shares at a price per share of $64.09, leaving 100,000 shares in his portfolio. Net proceeds, excluding commission charges, totaled over $900,000.
On Sept. 19, president of Bell Media Randy Lennox exercised his options, receiving 37,708 shares at an average cost per share of approximately $58.03, and sold 37,708 shares at a price per share of $64.09, eliminating his account’s holdings. Net proceeds, not including trading fees, exceeded $228,000.
On Sept. 12, chief financial officer Glen LeBlanc exercised his options, receiving 136,105 shares at an average cost per share of approximately $57.09, and sold 136,105 shares at a price per share of $63.80, eliminating his account’s holdings. Net proceeds, not including trading fees, exceeded $913,000.
Listed below is a stock that has had mixed trading with both recent buying and selling activity reported by insiders.
Alimentation Couche-Tard Inc. (ATD-B-T)
On Sept. 25 and Sept. 26, co-founder, director and the company’s former chief financial officer Richard Fortin sold a total of 15,000 shares at an average price per share of approximately $83.03 for an account in which he has indirect ownership, trimming this account’s holdings to 225,300 shares. Proceeds from the sales exceeded $1.2-million.
On Sept. 20, Eric Boyko, who sits on the board of directors, purchased 2,000 shares at a cost per share of $82.8805 for an account in which he has indirect ownership (Boyko Investments Corporation), raising the account’s holdings to 10,400 shares. The cost of this investment exceeded $165,000.
Last week, we reported the following trades.
On Sept. 17, chief financial officer Claude Tessier invested over $101,000 in shares of the company. He purchased 1,250 shares at a price per share of $81.43, increasing his account’s holdings to 7,900 shares.
Between Sept. 10 and Sept. 17, Valery Zamuner, vice-president- general counsel and corporate secretary, invested over $83,000 in shares of Couche-Tard. She acquired a total of 1,000 shares at an average price per share of approximately $83.88, initiating a portfolio position.