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 is a dividend stock that has had recent buying activity in the public market reported by an insider.
BCE Inc. (BCE-T)
On Dec. 5, director Jennifer Tory invested nearly $224,000 in shares of BCE. She bought 3,500 shares at a cost per share of $63.98, lifting this specific account’s holdings to 5,843 shares.
The company pays its shareholders a quarterly dividend of 92 cents per share or $3.68 per share yearly, equating to a current annualized yield of 5.8 per cent.
According to Refinitiv, there are seven buy-equivalent recommendations and 11 neutral recommendations. The average target price is $66.61, implying a potential price return of over 5 per cent or a total return of roughly 11 per cent, including the dividend yield.
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Listed below are three securities that have had recent selling activity in the public market reported by insiders.
Bank of Nova Scotia (BNS-T)
On Dec. 6, executive vice-president and group treasurer Martin Weeks exercised his options, receiving 8,628 shares at a cost per share of $55.63, and sold 8,628 shares at a price per share of $68.23, leaving 1,416 shares in this particular account. Net proceeds totaled over $108,000, not including any associated transaction charges.
On Dec. 1, group head – Canadian banking Dan Rees exercised his options, receiving 9,244 shares at a cost per share of $55.63, and sold 9,244 shares at a price per share of $70, leaving 21,253 shares in this particular account. Net proceeds exceeded $132,000, excluding any associated transaction fees.
Kinaxis Inc. (KXS-T)
Between Nov. 28- 30, chief marketing officer Jay Muelhoefer exercised his options, receiving a total of 10,000 shares at a cost per share of $81.24, and sold 10,000 shares at a price per share of $152 with 5,215 shares remaining in this specific account. Net proceeds totaled over $707,000, not including any associated transaction charges.
Orla Mining Ltd. (OLA-T)
On Dec. 1-2, director Jean Robitaille divested a total of 228,400 shares at an average price per share of approximately $5.26, trimming this particular account’s position to 2,396,050 shares. Proceeds from the sales exceeded $1.2-million, excluding commission charges.
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