The following are companies that have recently experienced insider trading activity in the public markets through direct and indirect ownership, including accounts controlled or directed by them.
This list contains insider trading activity; it does not convey full ownership information, as insiders may hold multiple accounts.
Keep in mind that when looking at insider trading activity, buying activity may reflect the perceived value of a security. A sale may or may not be related to stock valuation; perhaps an insider needs to raise capital for personal reasons. The insider’s total holdings should be considered because if the person has a substantial remaining position in the company, the sale may be insignificant in context. When I see multiple insiders trading stock or units of a company, I tend to take insider trading activity very seriously.
Listed below are dividend stocks that have recently seen buying activity in the open market, as reported by insiders.
BCE Company (BCE-T)
On Dec. 5, director Jennifer Tory invested nearly $224,000 in BCE stock. She purchases 3,500 shares at a cost of $63.98 each, increasing her holding in this particular account to 5,843 shares.
The company pays shareholders a quarterly dividend of 92 cents per share, or $3.68 per share per year, which equates to a current annualized yield of 5.8%.
There are seven buy-equivalent recommendations and 11 neutral recommendations, according to Refinitiv data. The average price target of $66.61 implies an underlying price return of more than 5% or a total return of about 11%, including the dividend yield.
Listed below are three securities that insiders have reported selling activity in the open market recently.
bank of nova scotia (BNS-T)
On December 6, Executive Vice President and Group Treasurer Martin Weeks exercised his option to acquire 8,628 shares at a cost of $55.63 each and sell 8,628 shares at $68.23 each, remaining in that particular account. 1,416 shares down. Net proceeds totaled more than $108,000, excluding any related transaction costs.
On December 1, Group Head – Canadian Banking Dan Rees exercised his option to acquire 9,244 shares at a cost of $55.63 per share and sell 9,244 shares at $70 per share, remaining in that particular account 21,253 shares down. Excluding any related transaction costs, the net proceeds were over $132,000.
Kinaxis Corporation (KXS-T)
Between Nov. 28 and 30, Chief Marketing Officer Jay Muelhoefer exercised his option, acquiring 10,000 shares at a cost of $81.24 per share and selling 10,000 shares at $152 per share, the specific There are 5,215 shares remaining in the account. Net proceeds totaled more than $707,000, excluding any related transaction costs.
orla mining co., ltd. (OLA-T)
On December 1-2, Director Jean Robitaille sold a total of 228,400 shares at an average price of approximately $5.26 per share, reducing the position in this particular account to 2,396,050 shares. Sales proceeds in excess of $1.2 million, excluding commission fees.
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