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 or perhaps shares may be sold to address tax implications when options and rights are exercised. 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. In addition, I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units. Furthermore, it can be of value to note if an insider’s share or unit balance (investment in the company) is trending higher or lower.
Listed below is a security that has had recent buying activity in the public market reported by the CEO.
Whitecap Resources Inc. (WCP-T)
On July 5, president and chief executive officer Grant Fagerheim bought 10,000 shares at a price per share of $10.19, increasing the holdings in this specific account to 2,979,574 shares. The cost of this purchase exceeded $101,000.
The company pays its shareholders a monthly dividend of 6.08 cents per share, equating to a current annualized dividend yield of over 7 per cent.
Year-to-date, the share price is up 12.5 per cent.
According to data from Refinitiv Eikon, the stock has 12 buy recommendations and two neutral recommendations by analysts. The average target price is $13.71, suggesting there is potentially 37 per cent upside over the next year.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Calian Group Ltd. (CGY-T)
On June 28, director Ray Basler exercised his options, receiving 4,000 shares at a cost per share of $36.49 and sold 4,000 shares at a price per share of $56.20 with 28,364 shares remaining in this particular account. Net proceeds exceeded $78,000, excluding any associated transaction fees.
NuVista Energy Ltd. (NVA-T)
On July 2, director Keith MacPhail divested 20,000 shares at a price per share of $14.20, leaving 3,040,712 shares in this particular account. Proceeds from the sale totaled $284,000, excluding trading fees.
Peyto Exploration & Development Corp. (PEY-T)
On July 8, president and chief executive officer Jean-Paul Lachance exercised his options, receiving 27,200 shares at a cost per share of $10.73 and sold 27,200 shares at a price per share of $14.63 with 460,143 shares remaining in this particular account. Net proceeds exceeded $106,000, excluding any associated transaction fees.
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