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.
Cameco Corp. (CCO-T)
On August 2, chair of the board of directors Catherine Gignac invested over $291,000 in shares of the company. She purchased 5,500 shares at a cost per share of $52.985, after which this particular account held 25,500 shares.
Aecon Group Inc. (ARE-T)
On Aug. 3, director Eric Rosenfeld acquired 20,000 shares at a price per share of $16.185 for an account in which he has indirect ownership (Crescendo Partners III, L.P.), lifting the holdings in this specific account to 294,200 shares. The cost of the purchase exceeded $323,000.
Activist investor Mr. Rosenfeld is the president and chief executive officer of New York-based Crescendo Partners, L.P.
The company pays its shareholders a quarterly dividend of 19 cents per share, equating to a current annualized yield topping 4 per cent.
Year-to-date, the share price has rallied more than 35 per cent.
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The following two stocks have had recent selling activity in the public market reported by insiders.
Alimentation Couche-Tard Inc. (ATD-T)
On Aug. 1, senior vice-president, operations Jorn Madsen sold 15,000 shares at a price per share of $83.94, after which this particular account did not hold any shares. Proceeds from the sale exceeded $1.2 million, excluding trading fees.
CGI Inc. (GIB-A-T)
On Aug. 6, president of the company’s U.S. commercial and state government operations Tim Hurlebaus exercised his options, receiving 11,163 shares at a cost per share of $63.23, and sold 11,163 shares at a price per share of $146.26, after which this specific account held 9,628 shares. Net proceeds totaled more than $926,000, not including any associated transaction charges.
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