Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Cancel Anytime
Enjoy Unlimited Digital Access
Canada’s most-awarded
newsroom for a reason
Stay informed for a
lot less, cancel anytime
“Exemplary reporting on
COVID-19” – Herman L
$1.99
per week
for 24 weeks
Get full access to globeandmail.com
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

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.

Story continues below advertisement

Listed below is a stock that has had recent buying activity reported by an insider.

Pipestone Energy Corp. (PIPE-T)

On June 7, director Garth Braun purchased 253,300 shares at a cost per share of $1.77 for an account in which he has control or direction over (G.K. Braun Limited), increasing this particular account’s holdings to 458,300 shares. The cost of this investment exceeded $448,000.

Year-to-date, the share price of this small-cap stock has more than doubled in value, rising approximately 163 per cent.

According to Refinitiv, the stock is covered by five analysts with an average target price of $2.60, implying a potential return of 48 per cent.

**

Listed below are three dividend stocks that have had recent selling activity reported by insiders.

Story continues below advertisement

Bank of Nova Scotia (BNS-T)

On June 3, group head of global wealth management Glen Gowland exercised his options, receiving 15,408 shares at a cost per share of $55.63, and sold 15,408 shares at a price per share of $81.86, leaving 2,046 shares in this particular account. Net proceeds exceeded $404,000, excluding any associated transaction charges.

The company pays its shareholders a quarterly dividend of 90 cents per share.

Sun Life Financial Inc. (SLF-T)

On June 1, chief executive officer Dean Connor exercised his options, receiving 47,100 shares at an average cost per share of approximately $34.80, and sold 47,100 shares at a price per share of $65.045, with 86,047 shares remaining in this specific account. Net proceeds exceeded $1.4-million, not including any associated transaction charges.

Mr. Connor will be retiring in August 2021.

Story continues below advertisement

Sun Life pays its shareholders a quarterly dividend of 7 cents per share.

Tricon Residential Inc. (TCN-T)

Between May 31 and June 3, co-founder and director Geoff Matus sold a total of 325,783 shares at a price per share of $13 from an account in which he has control or direction over (Mandukwe Inc.), eliminating his position in this particular account. Proceeds from the sales totaled over $4.2, excluding trading fees.

In a different account, Mr. Matus divested 77,817 shares at a price per share of $13, eliminating his position in this specific account during the same period. Proceeds from the sales exceeded $1-million, not including commission charges.

The company pays its shareholders a quarterly dividend of 7 cents per share.

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.

Story continues below advertisement

Editor’s note: An earlier version contained incorrect dividend information for Tricon Residential.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies