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 three securities that have had recent buying activity in the public market reported by insiders.
Rogers Sugar Inc. (RSI-T)
Between Feb. 12-14, chairman Dallas Ross bought a total of 445,300 shares at an average cost per share of $5.45 for an account in which he has indirect ownership (KTL Capital Ltd.), initiating a position in this specific account. The cost of these purchases exceeded $2.4 million.
The company pays its shareholders a quarterly dividend of 9 cents per share or 36 cents per share yearly, equating to a current annualized yield of 6.6 per cent.
TC Energy Corp. (TRP-T)
On Feb. 18, president and chief executive officer François Poirier acquired 4,800 shares at a cost per share of $65.0499, lifting the holdings in this particular account to 113,500 shares. The cost of this investment totaled more than $312,000.
Saputo Inc. (SAP-T)
C-suite executives were recent buyers in the public market.
On Feb. 13, chief financial officer and secretary Maxime Therrien invested over $122,000 in shares of Saputo. He purchased 5,000 shares at a cost per share of $24.52, after which this particular account held 61,686 shares.
Previously, we reported that president and chief executive officer Carl Colizza bought 10,300 shares at a price per share of $24.12 on Feb. 11, lifting the holdings in this specific account to 69,091 shares. The cost of this purchase exceeded $248,000.
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Listed below is a stock that has had recent selling activity in the public market reported by an insider.
Intact Financial Corp. (IFC-T)
On Feb. 13, executive vice-president, chief risk and actuarial officer Benoit Morissette sold 6,000 shares at a price per share of $287.123, reducing the holdings in this specific account to 13,071 shares. Proceeds from the sale totaled more than $1.7 million, excluding commission charge
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