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.
CI Financial Corp. (CIX-T)
Between Oct. 5 and Oct. 10, chairman William Holland bought a total of 175,000 shares at an average cost per share of approximately $19.56, increasing his portfolio’s position to 233,723 shares. The total cost of these purchases amounted to over $3.4-million.
On Oct. 10, chief executive officer Peter Anderson purchased 10,000 shares at a price per share of $19.40, increasing his account balance to 480,000 shares.
H&R Real Estate Investment Trust (HR.UN-T)
On Oct. 11, Ronald Rutman, who sits on the board of directors, acquired 10,000 units at a price per unit of $19.1189 for an account in which he has control or direction over (FEZ Financial Corp.), lifting the account’s holdings to 1,171,528 units.
That day, chief financial officer Larry Froom purchased 2,602 units at a price per unit of $19.15 in his personal trading account, increasing his account’s position to 27,590 units. In addition, he acquired 1,562 units at a price per unit of $19.16 for an account in which he has control or direction over.
Total Energy Services Inc. (TOT-T)
Between Oct. 1 and Oct. 12, president and chief executive officer Daniel Halyk purchased a total of 9,400 shares at an average cost per share of approximately $10.70. After these transactions, his account balance stood at 565,200 shares.
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The following stock has had recent selling activity reported by an insider.
Largo Resources Ltd. (LGO-T)
On Oct. 12, director Alberto Beeck sold 8-million shares at a price per share of U.S.$2.08 for an account in which he has indirect ownership (Cranley Investment Holdings LLC), reducing the account’s holdings to 13,926,489 shares.
Jennifer Dowty