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 two securities that have had recent buying activity in the public market reported by insiders.
SmartCentres Real Estate Investment Trust (SRU-UN-T)
On June 21, executive chair of the board and chief executive officer Mitchell Goldhar invested nearly $4 million in units of this REIT. He acquired 183,000 units at an average cost per unit of approximately $21.687 for an account in which he has indirect ownership (SC Financial Investments Inc.), lifting the holdings in this specific account to 3,169,878 units.
SmartCentres pays its unitholders a monthly distribution of 15.417 cents per unit or $1.85 per unit yearly, equating to a current annualized yield of more than 8 per cent.
The unit price is approaching its 52-week low of $21.28, which it closed at on Oct. 27, 2023.
North American Construction Group Ltd. (NOA-T)
On June 24, chairman Martin Ferron acquired 12,000 shares at a price per share of $26.45, after which this specific account held 2,173,118 shares. The cost of this purchase totaled more than $317,000.
Mr. Ferron is the company’s former chief executive officer.
**
The following two stocks have had recent selling activity in the public market reported by insiders.
K92 Mining Inc. (KNT-T)
On June 21, director Cyndi Laval exercised her options, receiving 225,000 shares at a cost per share of $2.17 and sold 225,000 shares at a price per share of $7.667 with 13,241 shares remaining in this particular account. Net proceeds totaled more than $1.2 million, not including any associated transaction charges.
Suncor Energy Inc. (SU-T)
On June 24, chief financial officer Kris Smith exercised his options, receiving 100,000 shares at a cost per share of $42.99 and sold 100,000 shares at a price per share of $51.659 with 48,482 shares remaining in this particular account. Net proceeds exceeded $866,000, excluding any associated transaction fees.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.
Jennifer Dowty