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 security that has had recent buying activity in the public market reported by the chairman.
Brookfield Renewable Partners LP (BEP-UN-T)
Between Feb. 5-10, chairman Jeff Blidner bought a total of 56,100 LP units at an average cost per unit of $31.89, initiating a position in this particular account. The cost of these purchases exceeded $1.7-million.
Brookfield Renewable pays its unitholders a quarterly dividend of 0.373 US cents per LP unit or US$1.492 per LP unit yearly, equating to a current annualized yield topping 6 per cent. Management targets annual distribution growth of between 5 and 9 per cent.
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Listed below are three securities that have had recent selling activity in the public market reported by insiders.
Great-West Lifeco Inc. (GWO-T)
Between Feb. 7-10, Edmund Murphy exercised his options, receiving a total of 69,835 shares at a cost per share of $35.62, and sold 69,835 shares at an average price per share of roughly $51.81. Net proceeds exceeded $1.1 million, excluding any associated transaction fees.
Mr. Murphy is president and chief executive officer of Empower, a U.S. subsidiary of Great-West Lifeco.
Power Corporation of Canada (POW-T)
On Feb. 10, executive vice-president Claude Généreux exercised his options, receiving 23,065 shares at a cost per share of $30.03, and sold 23,065 shares at a price per share of $47.7335. Net proceeds exceeded $408,000, not including any associated transaction charges.
SilverCrest Metals Inc. (SIL-T)
On Feb. 7, board chair John Wright sold 50,000 shares at a price per share of $16.03, after which this particular account held 204,146 shares. Proceeds from the sale totaled more than $801,000, excluding trading fees.
Mr. Wright is the former president and chief operating officer of Pan American Silver Corp. (PAAS-T).
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