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.
Choice Properties Real Estate Investment Trust (CHP.UN-T)
On March 5, chief operating officer Rael Diamond invested approximately $1.2-million in units of this REIT with the purchase of 88,120 units at a cost per unit of $13.56. On May 1, Mr. Diamond will assume the position as the REIT’s president and chief executive officer when the current president and chief executive officer Stephen Johnson retires.
Choice Properties pays its unitholders a monthly distribution of 6.1667 cents per unit, or 74 cents per unit yearly, equating to current annualized yield 5.4 per cent.
Year-to-date, units of Choice Properties REIT have soared 19 per cent.
Gibson Energy Inc. (GEI-T)
On March 8, Susan Jones, who sits on the board of directors, acquired 6,720 shares at a price per share of $22.25, lifting her account’s holdings to 13,250 shares. The cost of this purchase was roughly $150,000.
Listed below are two stocks that have had recent selling activity reported by insiders.
Loblaw Companies Limited (L-T)
On March 4, George Weston Limited’s (WN-T) president and chief financial officer Richard Dufresne exercised his rights, receiving 11,064 shares of Loblaw, and sold 6,170 Loblaw shares at a price per share of $65.1454 with 4,894 shares remaining in the account. Proceeds from the sale exceeded $400,000. Mr. Dufresne was the former chief financial officer of Loblaw Companies Ltd.
Loblaw is an operating segment of George Weston.
Sienna Senior Living Inc. (SIA-T)
Between March 1 and March 12, director Paula Jourdain Coleman sold a total of 43,400 shares at an average price per share of approximately $18.22, leaving 269,000 shares in her account. Proceeds from the sales totaled over $790,000.