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 an insider.
Firm Capital Property Trust (FCD.UN-T)
Between June 19-21, Geoffrey Bledin, who sits on the board of directors, invested nearly $500,000 in units of FCPT. He acquired a total of 100,000 units at an average cost per unit of approximately $4.995 for an account in which he has indirect ownership (Nuvola Holdings Limited).
The Trust pays its investors a monthly distribution of 4.333 cents per unit or 52 cents per unit yearly, equating to a current annualized yield of more than 10 per cent.
In 2023, the adjusted funds from operations (AFFO) payout ratio stood at 115 per cent. In the first quarter of 2024, the payout ratio was 108 per cent.
Daily trading volume is low.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Athabasca Oil Corp. (ATH-T)
Between June 17-21, chief financial officer Matt Taylor sold a total of 625,000 shares at an average price per share of approximately $4.95, after which this specific account held 1,294,133 shares. Proceeds from the sales exceeded $3 million, excluding trading fees.
Canadian Natural Resources Ltd. (CNQ-T)
On June 24, vice-president of marketing Mark Overwater exercised his options, receiving 7,000 shares at a cost per share of $10.38 and sold 7,000 shares at a price per share of $48.39 with 56,516 shares remaining in this particular account. Net proceeds totaled more than $266,000, not including any associated transaction charges.
Capstone Copper Corp. (CS-T)
On June 20 and 21, lead independent director Peter Meredith divested a total of 63,500 shares at an average price per share of roughly $9.58, leaving 120,118 shares in this particular account. Proceeds from the sales exceeded $608,000, excluding trading fees.
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