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 stocks that have had recent insider buying activity.
Cott Corp. (BCB-T)
On Feb. 26, Ron Hinson, chief executive officer of S&D Coffee Inc., a subsidiary of Cott, invested over U.S. $700,000 in shares of the company. He purchased 51,405 shares at an average cost per share above U.S. $14, increasing his portfolio’s holdings to 197,344 shares.
Fortis Inc. (FTS-T)
On Feb. 21, Gretchen Holloway, chief financial officer of ITC Holdings Corp., a Fortis company, invested over US$260,000 in shares of Fortis. She acquired 7,326 shares at a cost per share of US$35.5157, lifting her account balance to 12,847 shares.
Listed below are two securities that have had recent selling activity reported by insiders.
CCL Industries Inc. (CCL.B-T)
Between Feb. 25 and Feb. 28, executive chairman Donald Lang (and the former president and chief executive officer of the company) exercised his options and sold the corresponding number of shares received (187,500) at an average price per share around the mid-$50 level. Proceeds from the sales totaled over $10-million. After these transactions, the account did not hold any shares.
Between Feb. 27 and March 4, Anne Brayley, vice-president – internal audit, exercised her options and sold the corresponding number of shares received (5,313) at an average price per shares above $55, eliminating her portfolio’s position. Proceeds from the sales totaled over $290,000.
FirstService Corp. (FSV-T)
Between Feb. 8 and Feb. 20, Frederick Reichheld, who sits on the board of directors, exercised his options, receiving 6,300 shares, and sold a total of 12,100 shares at an average price per share above US$84 with 2,100 shares remaining in his portfolio. Proceeds from the sales amounted to over US$1-million.