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.
Bank of Nova Scotia (BNS-T)
On Feb. 28, president and chief executive officer Brian Porter invested over $510,000 in shares of the company. He purchased 7,000 shares at a cost per share of $72.9999, increasing his portfolio’s holdings to 126,925 shares.
Whitecap Resources Inc. (WCP-T)
On March 5, Jeffery Zdunich, vice-president – finance and controller, acquired 10,000 shares at a price per share of $4.50, lifting his account balance to 165,966 shares. The cost of this purchase totaled $45,000.
Listed below are two securities that have had recent selling activity reported by insiders.
Exco Technologies Limited (XTC-T)
On March 4 and March 5, executive vice-president and director Paul Riganelli sold a total of 19,000 shares at an average price per share of $10.04, reducing his account’s holdings to 153,150 shares. Proceeds from the sales totaled over $190,000.
H&R Real Estate Investment Trust (HR.UN-T)
On March 4 and March 5, Edward Gilbert, who sits on the board of trustees, exercised his options and sold the corresponding number of units received (20,000) at a price per unit of $23.08 with 55,857 units remaining in his portfolio. Proceeds from the sale totaled over $461,000.