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 a stock that has had recent insider buying activity.
IAMGOLD Corp. (IMG-T)
On Sept. 27, Ronald Gagel, who sits on the board of directors, purchased 20,000 shares at an average price per share of approximately $4.85, initiating a portfolio position.
The following three securities have had recent selling activity reported by insiders.
Industrial Alliance Insurance and Financial Services Inc. (IAG-T)
On Sept. 27, chief investment officer Michel Tremblay exercised his options and sold the corresponding number of shares (3,500) at a price per share of $52.2923, leaving 16,000 shares in his account.
On Sept. 26, senior vice-president of investments and chief economist Clément Gignac exercised his options and sold the corresponding number of shares received (2,500) at a price per share of $51.99, eliminating his portfolio’s position.
Morguard Corp. (MRC-T)
Between Sept. 18 and Sept. 26, vice-chairman David King sold a total of 900 shares at an average price per share of approximately $175 with 80,556 shares remaining in his account. Proceeds from these sales totaled over $150,000.
TransGlobe Energy Corp. (TGL-T)
In a trade valued at over US$1.6-million, on Sept. 28, chief executive officer Ross Clarkson divested 500,000 shares at a price per share of US$3.3544, leaving 1,844,493 shares in his account.
The following security has had mixed trading with both buying and selling activity reported by insiders.
Choice Properties Real Estate Investment Trust (CHP.UN-T)
In a trade valued at over $3.6-million, on Sept. 28, president and chief executive officer Stephen Johnson acquired 294,673 units at a price per unit of $12.3568 for an account in which he has indirect ownership, increasing the account’s holdings to 1,443,943 units.
That day, chief financial officer Mario Barrafato purchased 34,347 units at a price per unit of $12.3568 for an account in which he has indirect ownership, lifting the account balance to 207,521 units.
Last month, we reported the following transactions in Choice Properties REIT:
In a transaction valued at approximately $740,000, on Sept. 17, Robert Yamamoto, vice-president – development, exercised his options and sold the corresponding total number of units received (58,029) at a price per unit of $12.77, leaving 2,000 units in his account.
Between Sept. 13 and Sept. 17, Evan Williams, vice-president – real estate and operations for eastern Canada, exercised his options and sold the corresponding total number of units received (38,305) at an average price per unit of approximately $12.74 with 863 units remaining in his portfolio.
Over the course of two days, Sept. 12 and Sept. 13, Dallas Wingerak, vice-president – real estate and operations for western Canada, exercised his options and sold the corresponding total number of units received (102,641) at an average price per unit of approximately $12.68, leaving 8,615 units in his account. The total proceeds received amounted to approximately $1.3-million.