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 stock that has had recent buying activity in the public market reported by an insider.
AutoCanada Inc. (ACQ-T)
Between Aug. 19-23, executive chairman Paul Antony acquired a total of 32,000 shares at an average price per share of approximately $14.55 for two accounts, after which one account held 7,000 shares and a different account in which he has indirect ownership (MAP Investco Inc.) held 1,532,877 shares. The cost of these purchases totaled more than $465,000.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Agnico Eagle Mines Ltd. (AEM-T)
Between Aug. 12-16, executive vice-president and chief operating officer of Nunavut, Quebec and Europe Dominique Girard exercised his options, receiving a total of 16,000 shares at an average cost per share of approximately $82.98, and sold 16,000 shares at an average price per share of roughly $105.88, after which this particular account held 28,234 shares. Net proceeds totaled more than $366,000, not including any associated transaction charges.
On Aug. 12, executive vice-president legal, general counsel and corporate secretary Chris Vollmershausen exercised his options, receiving 16,625 shares at a cost per share of $79.98, and sold 16,625 shares at a price per share of $103.53 with 10,674 shares remaining in this particular account. Net proceeds exceeded $391,000, excluding any associated transaction fees.
CCL Industries Inc. (CCL-B-T)
Earlier this month, the share price closed at a record high. Multiple insiders have been selling shares on this strength.
Between Aug. 20-22, director Stuart Lang sold a total of 324,575 shares at an average price per share of approximately $76.75 for two accounts in which he has control or direction over, after which one account held 1,436,023 shares (The Angel Gabriel Foundation) and a different account held 1,200,950 shares (The Damascus Road Foundation). Proceeds from the sales totaled more than $24 million.
Mr. Lang is the former president of CCL Label International.
Last week, we reported the following trades:
On Aug. 19, president, chief executive officer and director Geoffrey Martin sold 6,000 shares at a price per share of $77.617, trimming the holdings in this specific account to 675,953 shares. Proceeds from the sale exceeded $465,000, excluding trading fees.
On Aug. 13, director Tom Peddie divested 4,000 shares at a price per share of $73.75, reducing the holdings in this specific account to 500 shares. Proceeds from the sale totaled $295,000, not including trading fees.
Mr. Peddie is the former chief financial officer of Corus Entertainment Inc. (CJR-B-T).
On Aug. 12, vice-president, general counsel Mark McClendon sold 17,712 shares at an average price per share of approximately $73.24, eliminating his position in this particular account. Proceeds from the sale totaled nearly $1.3 million, excluding commission charges.
IAMGOLD Corp. (IMG-T)
On Aug. 23, chief operating officer Bruno Lemelin divested 39,000 shares at an average price per share of roughly $7.09, reducing this specific account’s position to 62,612 shares. Proceeds from the sale totaled more than $276,000, not including commission charges.
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