Tuesday’s Insider Report: Director invests over $1-million in an energy stock that has fallen into correction territory

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 are two securities with recent buying activity in the public market reported by insiders.

Advantage Energy Ltd. (AAV-T)

On Aug. 18, director Daniel Farb bought 125,000 shares at a price per share of US$7.542, lifting the holdings in this particular account to 362,600 shares. The value of this investment exceeded C$1 million, totaling roughly US$942,000, not including commission charges.

On June 20, the share price closed at $12.68. Since then, the share price has declined over 10 per cent, putting the stock in correction territory.

BSR Real Estate Investment Trust (HOM-UN-T)

Between Aug. 15-19, trustee Graham Senst invested approximately US$124,000 in units of BSR. He purchased a total of 10,000 units at an average cost per unit of roughly US$12.41, increasing his position in this specific account to 125,801 units.

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Listed below are two stocks with recent selling activity in the public market reported by insiders.

Alamos Gold Inc. (AGI-T)

On Aug. 21, senior vice president, corporate development and investor relations Scott Parsons exercised his options, receiving 19,000 shares at a cost per share of $6.58, and sold 19,000 shares at a price per share of $38.597 with 59,604 shares remaining in this particular account. Net proceeds exceeded $608,000, not including any associated transaction charges.

Ballard Power Systems Inc. (BLDP-T)

On Aug. 12, Randy MacEwen sold 698,215 shares at an average price per share of approximately $2.38, after which this particular account held 391,887 shares. Proceeds from the sale totaled over $1.6 million, excluding trading fees.

In July, Mr. MacEwen stepped down as the company’s president and chief executive officer.