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.
Let's begin the report featuring three securities that have had recent insider buying activity.
Just Energy Group Inc. (JE-T)
On Aug. 22, Ron Joyce, with an ownership position exceeding 10 per cent, purchased 100,000 shares at a cost per share of $3.7811 for an account in which he has indirect ownership (Jetport Inc.), increasing the portfolio’s holdings to 17,756,051 shares.
KP Tissue Inc. (KPT-T)
On Aug. 20, Michael Korenberg, who sits on the board of directors, acquired 5,000 shares at an average price per share of approximately $9.90, initiating a portfolio position.
The Stars Group Inc. (TSGI-T)
Between Aug. 20 and Aug. 24, director Alfred Hurley Jr. bought a total of 3,000 shares at an average cost per share of approximately U.S.$27.84, lifting his account balance to 5,182 shares.
On Aug. 17, Mary Turner, who also sits on the board of directors, accumulated 11,000 shares, initiating a portfolio position.
The following stock has had recent insider selling activity.
Methanex Corp. (MX-T)
On Aug. 24, president and chief executive officer John Floren sold nearly $1-million worth of stock. He divested 10,000 shares at a price per share of $97, reducing his portfolio’s position to 47,627 shares.
Earlier this month, we reported that Kevin Price, general counsel and corporate secretary, sold 1,251 shares at an average price per share of approximately $89.82 on July 30, trimming his account’s holdings to 6,703 shares.