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 stock that has had recent buying activity in the public market reported by insiders.
Enbridge Inc. (ENB-T)
On Aug. 13, director Steven Williams acquired 18,600 shares at a price per share of $53.74, increasing the holdings in this particular account to 32,282 shares. The cost of this investment totaled nearly $1-million, excluding trading fees.
Mr. Williams is the former chief executive officer of Suncor Energy Inc. (SU-T).
On Aug. 8, chief financial officer Pat Murray bought 2,208 shares at an average cost per share of approximately $53.21, after which this particular account held 15,148 shares. The cost of this purchase exceeded $117,000.
The company pays its shareholders a quarterly dividend of 91.5 cents per share, equating to a current annualized yield of 6.9 per cent.
**
The following three stocks have had recent selling activity in the public market reported by insiders.
CCL Industries Inc. (CCL-B-T)
On Aug. 13, director Tom Peddie divested 4,000 shares at a price per share of $73.75, reducing the holdings in this specific account to 500 shares. Proceeds from the sale totaled $295,000, not including trading fees.
Mr. Peddie is the former chief financial officer of Corus Entertainment Inc. (CJR-B-T).
On Aug. 12, vice-president, general counsel Mark McClendon sold 17,712 shares at an average price per share of approximately $73.24, eliminating his position in this particular account. Proceeds from the sale totaled nearly $1.3 million, excluding commission charges.
Gildan Activewear Inc. (GIL-T)
On Aug. 13, chief financial officer of manufacturing Andrea Pirie sold 10,600 shares at a price per share of US$41.7464 with 110 shares remaining in this particular account. Proceeds from the sale exceeded US$442,000, not including trading fees.
On Aug. 12, president of manufacturing Benito Masi exercised his options, receiving 50,000 shares at a cost per share of US$29.01, and sold 50,000 shares at a price per share of US$41.5499, leaving 319,802 shares in this particular account. Net proceeds totaled more than US$626,000, not including any associated transaction charges.
Kinaxis Inc. (KXS-T)
On Aug. 9, chief sales officer Claire Rychlewski sold 4,392 shares at a price per share of $152 with 1,961 shares remaining in this particular account. Proceeds from the sale exceeded $667,000, not including commission charges.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.