Thursday’s Insider Report: CEO invests over $500,000 in this financial stock
Listed below are companies that have recently been the subject of insider trading in the public market through their direct and indirect holdings, including accounts over which they have control or direction.
The list shows insider trading activities; it does not convey total ownership information because an insider may hold many accounts.
Keep in mind that when looking at insider trading activity, buying activity may reflect a security’s perceived value. Selling activity may or may not be related to the valuation of a stock; perhaps an insider needs to raise funds for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if that person has a significant remaining position in the company. I tend to place a premium on insider trading when I see multiple insiders trading in a company’s stock or shares.
Below are three stocks that have recently been the subject of public market buying activity reported by insiders.
Blackline Safety Corp. (BLN-T)
Between May 12 and May 20, Chairman and CEO Cody Slater acquired a total of 30,000 shares at an average price per share of approximately $4.285, bringing that particular account’s position to 1,484,190 shares. The cost of these purchases was just under $130,000, excluding trading fees.
ECN Capital Corp. (ECN-T)
On May 24, CEO and director Steve Hudson invested $568,000 in shares of ECN Capital. He bought 100,000 shares at a price per share of $5.68, bringing that particular account’s position to 1,533,400 shares.
In a relatively small transaction, on May 24, director Karen Martin purchased 15,000 shares at a cost per share of $5.8909, after which that specific account held 101,655 shares. The cost of this investment exceeded $88,000.
Enerplus Corp. (ERF-T)
Between May 16 and May 19, Chief Operating Officer Wade Hutchings invested more than US$102,000 in Enerplus stock. He acquired a total of 8,000 shares at an average price per share of US$12.78, bringing the position of this specific account to 233,000 shares.
Below are two stocks that have had recent selling activity in the public market reported by insiders.
Canadian Natural Resources Ltd. (CNQ-T)
Between May 11 and May 18, manager Steve Laut sold a total of 75,000 shares at an average price per share of approximately $78.18, reducing the holdings of this specific account to 1,764,124 shares. Sales proceeds exceeded $5.8 million, excluding trading fees.
Mr. Laut is the former president of the company.
TC Energy Corp. (TRP-T)
On May 20, Dennis Hébert, Vice President, Tax, exercised his options, receiving 34,767 shares at an average cost per share of approximately $56.89, and sold 34,767 shares at an average price per share of around $73,237, leaving 2,472 shares in this particular. Account. Net proceeds totaled over $568,000, not including associated transaction fees.
On May 24, Gloria Hartl, Vice President of Risk Management, exercised her options, receiving 9,385 shares at a cost per share of $56.90 and sold 9,385 shares at a price per share of $73.7377, after which this specific account held no shares. Net proceeds totaled over $158,000, excluding associated transaction fees.
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