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.
AltaGas Canada Inc. (ACI-T)
Year-to-date, the share price is up approximately 20 per cent with the stock currently yielding 4.9 per cent.
On April 4 and April 5, chief financial officer and corporate secretary Shaun Toivanen acquired a total of 17,300 shares. He purchased 16,525 shares at an average price per share of $18.03 for his personal trading account, lifting its holdings to 28,806 shares. In addition, he bought 775 shares at a cost per share of $17.89 in his RRSP, taking this account’s balance to 16,675 shares. The cost of these transactions totaled approximately $312,000.
On April 4, Leigh Ann Shoji-Lee, executive vice-president of utility operations and president of Pacific Northern Gas Ltd. (a subsidiary of AltaGas) acquired 5,600 shares at a cost per share of $17.96, raising her account balance to 12,774 shares. The cost of this investment totaled over $100,000.
On April 3, president and chief executive officer Jared Green acquired a total of 2,000 shares at an average price per share of approximately $17.70 across two accounts (personal trading account and his RRSP). The total purchase price exceeded $35,000.
Golden Star Resources (GSC-T)
On April 5, chief operating officer Daniel Owiredu invested approximately US$118,000 with the purchase of 28,160 shares at a cost per share of US$4.19, initiating an account position.
Listed below is a stock that has had recent selling activity reported by an insider.
Energy Fuels Inc. (EFR-T)
Between April 8 and April 10, Benjamin Eshleman, who sits on the board of directors, sold a total of 99,000 shares across two accounts for which he has indirect ownership at an average price per share of US$3.65. Proceeds from the sales exceeded US$360,000.
Listed below is a security that has had mixed trading with both recent buying and selling activity reported by insiders.
Equitable Group Inc. (EQB-T)
On April 5, chief financial officer Tim Wilson exercised his options at a price per share of $36.11 and sold the corresponding number of shares received (2,000) at a price per share of $70.35, leaving 23,540 shares in his account. Net proceeds from these transactions totaled under $70,000.
In a relative small transaction, on April 1, director Susan Ericksen bought 500 shares at a cost per share of US$49.36, initiating an account position. The cost of this trade totaled over U.S.$24,000.