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.
Lundin Mining Corp. (LUN-T)
On Aug. 1, president, chief executive officer and director Jack Lundin invested nearly $1 million in shares of the company. He purchased 75,000 shares at a cost per share of $13.236, after which this particular account held 430,556 shares.
On Aug. 1, chair of the board Adam Lundin invested nearly $1 million in shares of Lundin Mining. He bought 75,000 shares at a cost per share of $13.235, lifting the holdings in this specific account to 714,250 shares.
Palisades Goldcorp Ltd. (PALI-X)
Between July 19-29, Michael Parker, with an ownership position exceeding 10 per cent, acquired a total of 192,500 shares at an average price per share of approximately $2.13 for two accounts, one in which he has control or direction over and a different account in which he has indirect ownership. The cost of the purchases exceeded $410,000.
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The following two stocks have had recent selling activity in the public market reported by insiders.
BRP Inc. (DOO-T)
On July 22, executive vice-president, global manufacturing operations, powersports and marine Patrick Dussault exercised his options, receiving 7,700 shares at an average cost per share of approximately $41.185, and sold 7,700 shares at an average price per share of roughly $95.74, leaving 5,000 shares in this particular account. Net proceeds exceeded $420,000, excluding any associated transaction fees.
First Quantum Minerals Ltd. (FM-T)
On July 29, chief financial officer Ryan MacWilliam sold 16,000 shares at a price per share of $16.54, after which this specific account held 40,644 shares. Proceeds from the sale exceeded $264,000, excluding commission charges.
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