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.
Allied Properties Real Estate Investment Trust (AP-UN-T)
On June 24, founder and executive chair of the board of trustees Michael Emory invested over $160,000 in units of this REIT. He acquired a total of 10,400 units at an average cost per unit of approximately $15.40 for three accounts, after which his personal account held 963,645 units, an account in which he has control or direction (Family Members) over held 258,279 units, and an account in which he has indirect ownership (Prophet Corporation) held 142,651 units.
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The following three stocks have had recent selling activity in the public market reported by insiders.
Ero Copper Corp. (ERO-T)
On June 21, director Lyle Braaten sold 10,000 shares at a price per share of $28.1053, after which this specific account held 256,666 shares. Proceeds from the sale exceeded $281,000, excluding trading fees.
Royal Bank of Canada (RY-T)
Between June 17-21, group head of technology and operations Bruce Ross exercised his options, receiving a total of 32,170 shares at an average cost per share of roughly $84.24 and sold 32,170 shares at an average price per share of approximately $141.17 with 235 shares remaining in this particular account. Net proceeds exceeded $1.8 million, not including any associated transaction charges.
Lundin Gold Inc. (LUG-T)
On June 21, senior vice-president, finance Chester See divested 30,100 shares at a price per share of $20.2742, leaving 152,480 shares in this particular account. Proceeds from the sale exceeded $610,000, excluding trading fees.
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Jennifer Dowty