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 with recent buying activity in the public market reported by the CEO.
Chemtrade Logistics Income Fund (CHE-UN-T)
Between Aug. 18-21, president, chief executive officer and trustee Scott Rook invested approximately US$251,000 in units of Chemtrade. He purchased a total of 26,896 units at an average cost per unit of roughly US$9.33 for an account in which he has control or direction over (SPR Living Trust), initiating a position in this specific account.
Chemtrade pays its unitholders a monthly distribution of 5.75 cents per unit or 69 cents per unit on an annualized basis, equating to a current distribution yield of 5.3 per cent. In the second quarter, the payout ratio stood at 33 per cent on a trailing 12-month basis.
In the second quarter, Chemtrade repurchased 2.2 million units.
Year-to-date, the unit price has rallied nearly 20 per cent.
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Listed below are two stocks with recent selling activity in the public market reported by insiders.
BCE Inc. (BCE-T)
On Aug. 11, senior vice president and chief brand officer Devorah Lithwick sold 15,293 shares at a price per share of $33.52, after which this particular account did not hold any shares. Proceeds from the sale totaled over $512,000, excluding trading fees.
B2Gold Corp. (BTO-T)
On Aug. 12, president, chief executive officer and director Clive Johnson sold a total of 100,000 shares at an average price per share of approximately $5.115, trimming the holdings in this specific account to 3,062,713 shares. Proceeds from the sale totaled more than $511,000, excluding commission charges.
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Listed below is a stock with recent buying and selling activity reported by insiders.
Element Fleet Management Corp. (EFN-T)
On Aug. 13, director George Graham sold 25,000 shares at a price per share of $37.339, leaving 25,000 shares in this particular account. Proceeds from the sale totaled over $933,000, excluding commission charges.
Previously, we reported that on Aug. 8, president, chief executive officer and director Laura Dottori-Attanasio invested over $1 million in shares of Element. She purchased 27,200 shares at a cost per share of $36.8109, increasing the holdings in this particular account to 315,600 shares.