Vote of Confidence Monday’s Insider Report: Executive invests nearly $1-million in this dividend stock trading near a record high
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 are two securities that have had recent buying activity reported by insiders.
ECN Capital Corp.
Between Dec. 29 - Jan. 4, management executive Michael McCormack purchased a total of 149,274 shares at an average cost per share of approximately $6.44. The cost of these purchases totaled over $961,000, not including trading fees.
The company pays its shareholders a quarterly dividend of 2.5 cents per share or 10 cents per share yearly, equating to a current yield of roughly 1.5 per cent.
The share price is trading near a record high.