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 the chairman.
North American Construction Group Ltd. (NOA-T)
On Nov. 12, chairman of the board Martin Ferron bought 6,000 shares at a cost per share of US$20.13, after which this specific account held 2,224,683 shares. The cost of this purchase totaled more than US$120,000.
Mr. Ferron is the company’s former president and chief executive officer.
On Oct. 31, the share price rallied sharply after the company reported better-than-expected earnings results the prior day. Adjusted earnings per share came in at $1.17, ahead of the consensus estimate of $1.04. Management also announced a 20 per cent bump to its quarterly dividend, raising the dividend to 12 cents per share from 10 cents per share. Since Oct. 30, the share price has increased 17 per cent.
Year-to-date, the share price is relatively unchanged, up 1 per cent.
**
The following three stocks have had recent selling activity in the public market reported by insiders.
Cascades Inc. (CAS-T)
On Nov. 11 and 12, senior vice-president of Cascades Services Luc Langevin sold a total of 10,000 shares at an average price per share of approximately $11.20, leaving 47,761 shares in this particular account. Proceeds from the sale totaled nearly $112,000, not including commission charges.
Filo Corp. (FIL-T)
On Nov. 13, Pablo Mir exercised his options, receiving 15,000 shares at a cost per share of $16.93, and sold 15,000 shares at a price per share of $31.91. Net proceeds exceeded $224,000, excluding any associated transaction charges.
Mr. Mir is a former member of the company’s board of directors. After his board term expired, he became an advisor to the board.
Lundin Gold Inc. (LUG-T)
On Nov. 13, Pablo Mir sold 46,660 shares at a price per share of US$21.7362 for an account in which he has indirect ownership, after which this specific account did not hold any shares. Proceeds from the sale totaled more than US$1-million, not including trading fees.
Mr. Mir is a former member of the company’s board of directors. After stepping down from the board, he became a strategic advisor to the board.
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.