This week in Canadian Insider Transaction, we saw increased buying and selling coming from individual directors and corporate executives. There was also an increase in sells in the Canadian petroleum producing industry. The insider buys saw an increase in multiple transactions for individual insiders.
Notable Canadian Insider Sells
This week in Canadian insider sells, we saw an increased amount of sells coming from insiders in the natural gas and oil industries.
1. Pacific Rubiales Energy (TSX:PRE)
This week Director and CEO Ronald Pantin sold 205,700 shares of his stake in the company this past week. The shares traded at an average price of $19.77. These sells came as the price of the company hovers near a 3-year low of $18.73. Pantin brought in over $4.1 million with these sells.
Also, this week Pacific Rubiales released a statement reporting that the company intends to buy back up to 31,075,887 Common Shares that are issued and outstanding. The company’s release states that the company intends to make the bid because it believes that:
(i) The Common shares may be undervalued from time to time in relation to its current and future business prospects; and (ii) that Common Shares my become available during the period of the bid at prices that would make the purchase of such Common Shares an appropriate use of available funds and in the best interests of the Company and its shareholders.
This release comes as the company’s dividend yield is nearing a 3-year high.
TSX:PRE data by GuruFocus.com
The company’s revenue has slowed down over the past year, but in the past five years it has increased 56.3%. The analysis of the company also states that the company has added $483.255 million in debt in the past three years.
Pacific Rubiales is a Canadian natural oil and petroleum producing company with operations in Central and South America.
|Market Cap: 6.55 B||P/E: 11.4||Shiller P/E: n/a|
|P/B: 1.63||P/S: 1.54||EV/EBITDA: 3.99|
There are currently no gurus with stake in Pacific Rubiales.
With its shares up 0.73%, Pacific Rubiales trades at $20.73.
2. Baytex Energy (TSX:BTE)
On April 23, Director Gregory Melchin sold 6,504 shares at $37.94 per share. Melchin made a total of $246,762 on this sell. This sell comes as the company continues its steady decline.
Another insider, VP of the Canadian Business Unit Richard Ramsay, sold 25,000 shares two months ago. Since that sell the price has dropped 16.68%.
These two sells mark the only insider transactions for Baytex Energy.
Baytex Energy is an oil and gas company based in Calgary, Alberta. The company specializes in acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin. Approximately 87% of Baytex’s production is weighted towards crude oil.
The GuruFocus analysis of Baytex reports that the company’s operating margin has been a 5-year decline of approximately -7.2% per year. The per share revenue has also been in a year long slump. Despite the decrease in revenue, the earnings per share have increased since 2009.
Last fiscal year the company paid $2.58 in the form of dividends to shareholders. The dividend yield currently amounts to 6.08%.
There are no gurus that currently hold stake in Baytex in the Toronto Stock Exchange, but Chuck Royce, Jim Simons and Steven Cohen all hold the company on the NYSE.
With its shares down 1.28%, Baytex trades at $39.27.
3. DirectCash Payments (TSX:DCI)
This past week three insiders of DirectCash Payments made four sells. The insiders sold a total of 6,433 shares at an average price of $27.18 each. The executives brought in a total of $174,386 with these sells.
These mark the first insider transactions for the company. These sells came as the price of DirectCash Payments is sitting at a 10-year high.
The GuruFocus analysis reports that the operating margin of DirectCash is expanding. It also reports that the payout ratio might be too high. The dividend payout for DirectCash is at 3.5. On the other hand the dividend is nearing a five-year low.
In the past year, the revenue per share has grown 54.8%.
TSX:DCI data byGuruFocus.com
The company provides ATMs, prepaid phone cards, and prepaid cash cards in Canada, the US and Mexico. It also offers ATM and debt terminal management services.
|Market Cap: 452.42 M||P/E: 56.6||Shiller P/E: 27.37|
|P/B: 3.15||P/S: 2.15||EV/EBITDA: 10.88|
The Mawer New Canada Fund holds 716,832 shares of DirectCash.
With shares up 0.39%, DirectCash trades at $27.18.
Highlighted Insider Buys
The Canadian insider buys last week were reported across all sectors of the market. The following insider buys are those with the largest transaction amounts. To see the full list of Canadian insider transactions, click here.
1. Canadian Tire Corporation (TSX:CTC)
Canadian Tire Corp. reported a strange week in insider buying. Three different insiders made 123 separate transactions adding a total of 21,100 shares of Canadian Tire. The shares traded in the range of $72.77 to $73.07.
These insider buys come as the price nears a 5-year high.
The financials and analysis of Canadian Tire demonstrate that the company has predictable and stable revenue and earnings growth. The analysis also shows that the operating margin has declined in the past five years.
TSX:CTC.A data by GuruFocus.com
Canadian Tire is comprised of two main business operations that offer a range of retail goods and services including clothing, sporting goods, petroleum and financial services. Its two segments are retail and financial services.
The Leith Wheeler Canadian Equity holds 732,700 shares of Canadian Tire.
With its shares down 0.14%, CTC trades at $73.11.
2. Chartwell Retirement (TSX:CSH.UN)
This week, Director Michael Harris made nine different transactions adding a total of 21,500 shares of company stock. These shares traded for an average price of $11.41 per share. His total transaction amount for these buys was $245,150.
Harris made these buys as the price of the company is sitting at a 5-year high.
The analysis on Chartwell shows that while the price might be close to a 5-year high, the dividend yield is actually close to a 5-year low. The interest coverage of Chartwell is also extremely low.
TSX:CSH.UN data by GuruFocus.com
The revenue per share has been declining for the past five years. The revenue is down 9.6% over the past five years.
Chartwell Seniors Housing Real Estate Investment Trust offers a range of independent and assisted living across North America including retirement homes, long term care residences and nursing homes.
There are currently no gurus that hold stake in Chartwell Retirement.
With its shares down 0.04%, Chartwell trades at $11.31.
To view the complete list of Canadian insider trades, click here.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.