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 security that has had recent insider buying activity.
Capstone Mining Corp. (CS-T)
On Oct. 12, chairman George Brack purchased 200,000 shares at a cost per share of 65.7 cents, increasing his account’s holdings to 1,205,000 shares.
The following three stocks have had recent selling activity reported by insiders.
CES Energy Solutions Corp. (CEU-T)
On Oct. 15, Vice-President Jason Waugh sold 26,000 shares at a price per share of $3.92, trimming his account balance to 483,092 shares.
Last week, we reported that Kenneth Zandee, vice-president - marketing, sold 149,400 shares at a price per share of $4.0048 for an account in which he has indirect ownership (Zandee Investments Ltd.) on Oct. 9, trimming his portfolio’s holdings to 2,766,858 shares. Proceeds from this sale amounted to nearly $600,000.
Empire Company Limited (EMP.A-T)
On Oct. 15, Lyne Castonguay, executive vice-president – merchandising, divested 43,184 shares at an average price per share of approximately $23.03, leaving 5,168 shares in her portfolio. Proceeds from the sale of this consumer staples stock totaled just over $1-million.
Seabridge Gold Inc. (SEA-T)
Between Oct. 11 and Oct. 16, Peter Williams, senior vice-president – Technical Services, exercised his options receiving 99,800 shares and sold 154,550 shares, leaving 17,750 shares in his portfolio.
On Oct. 15, Brent Murphy, vice-president – environmental affairs, exercised his options and sold the corresponding number of shares (25,000) at a price per share of $19.20 with 48,130 shares remaining in his account.