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.
Maple Leaf Foods Inc. (MFI-T)
On Sept. 10, director Jonathan McCain bought 15,000 shares at an average cost per share of roughly $21.29 for an account in which he has indirect ownership (Andover Capital Corporation), lifting the holdings in this specific account to 140,000 shares. The cost of this investment exceeded $319,000.
Northview Residential REIT (NRR-UN-T)
Between Sept. 4-12, chief executive officer and chairman Daniel Drimmer acquired a total of 7,000 units at an average price per unit of approximately $17.30 for an account in which he has indirect ownership (D.D. Acquisitions Partnership), increasing the holdings in this specific account to 91,000 units. The cost of these purchases totaled more than $121,000.
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The following two stocks have had recent selling activity in the public market reported by insiders.
CCL Industries Inc. (CCL-B-T)
On Sept. 10, president, home and personal care Ben Rubino sold 5,776 shares at a price per share of $80.7847 with 77,223 shares remaining in this particular account. Proceeds from the sale totaled more than $466,000, not including commission charges.
GFL Environmental Inc. (GFL-T)
On Sept. 6, founder, president, chief executive officer and chairman Patrick Dovigi sold 600,000 shares at a price per share of US$39.5514 after which this specific account held 78,858 shares. Proceeds from the sale exceeded US$23-million, excluding trading fees.
On Aug. 23, the share price closed at a record high of $43.49. On Aug. 26, the stock hit an intraday record high of $43.79.
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