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.
TELUS International Inc. (TIXT-T)
On Aug. 28, lead director of the board Josh Blair acquired 100,000 shares at an average price per share of approximately $3.79, increasing the holdings in this particular account to 179,840 shares. The cost of this investment exceeded $379,000, not including commission charges.
Tourmaline Oil Corp. (TOU-T)
Between Aug. 13-30, founder, chairman, president and chief executive officer Mike Rose invested over $1.2-million in shares of Tourmaline. He acquired a total of 20,000 shares at an average price per share of approximately $61.55 for two accounts, lifting the holdings to 8,272,699 shares in one account and to 1,142,500 shares in a different account.
On July 31, the company announced a 3-per-cent dividend hike, raising its quarterly dividend to 33 cents per share from 32 cents per share. In addition, given the company’s strong free cash flow generation, management announced a special dividend of 50 cents per share that was paid on Aug. 21 to shareholders of record on Aug. 9.
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The following two stocks have had recent selling activity in the public market reported by insiders.
Bombardier Inc. (BBD.B-T)
On Aug. 27, vice president of communications, marketing and public affairs Ève Laurier sold 4,000 shares at a price per share of $91.57, after which this specific account held 4,740 shares. Proceeds from the sale totaled more than $366,000, excluding commission charges.
Colliers International Group Inc. (CIGI-T)
On Aug. 27 and 28, senior vice president and chief accounting officer Bob Hemming sold a total of 10,100 shares at an average price per share of approximately $195.40, trimming the holdings in this particular account to 80,220 shares. Proceeds from the sales totaled nearly $2 million, not including trading fees.
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