The small to mid cap TSX stocks we’ve discovered have seen notable recent insider buying over the past seven days
SmallCapPower | June 28, 2021: Insiders are defined as company management or individuals or institutions that own more than 10% of a company’s shares. Today, we have found four TSX stocks with significant insider buying over the past seven days. The insiders we have identified are institutional investors, company directors or board members, which have added to their positions.
*Share price data and other metrics as of June 25, 2021
Saputo Inc. (TSX:SAP) – $36.85
Food Products
Saputo produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is one of the Top 10 dairy processors in the world, a leading cheese manufacturer and fluid milk and cream processor in Canada, the top dairy processor in Australia, and the second largest in Argentina. In the U.S., Saputo ranks among the Top 3 cheese producers and is one of the largest producers of extended shelf-life and cultured dairy products. In the United Kingdom, Saputo is the largest manufacturer of branded cheese and a top manufacturer of dairy spreads. Saputo products are sold in several countries under market-leading brands, as well as private label brands. Emanuele Saputo, a Company Director, recently purchased 700K shares for the Mirella & Lino Saputo Foundation.
- Market Cap: $15,208.9M
- YTD-Return: +3.4%
- 1-Year Share Price Return: +12.3%
- 30-Day Average Trading Volume: 710,990
- Insider Name: Emanuele Saputo
- Insider Role: Director
- Purchase Date: June 22 – June 25, 2021
- Number of Shares: 1,201,336
- Share Price Paid: $36.45
- Total Transaction Value: $43,788,697
Payfare Inc. (TSX:PAY) – $9.50
Information Technology
Payfare is a global fintech company offering digital banking, instant payment and loyalty-reward solutions for today’s gig economy workforce. Payfare’s financial technology platform is providing financial security and inclusion to next-generation workers around the globe with a full-service digital bank account and payment card with instant access to their earnings and relevant cash-back rewards. On June 2, 2021, Payfare announced that Kamran Haidari would be joining as Chief Technology Officer (CTO) and Braulio Lam will lead product innovation and development as Chief Product Officer (CPO). These two leaders with 35 years combined experience will support planned product and technology developments that will accelerate user acquisition and growth across the industry.
- Market Cap: $426.3M
- 30-Day Return: +15.2%
- 30-Day Average Trading Volume: 184,200
- Insider Name: Kingsferry Capital Management
- Insider Role: 10% Security Holder of Issuer
- Purchase Date: June 25, 2021
- Number of Shares: 44,400
- Share Price Paid: $9.35
- Total Transaction Value: $415,140
Superior Plus Corp. (TSX:SPB) – $15.47
Oil and Gas
Superior Plus engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. It operates through three segments: Canadian Propane Distribution, United States (U.S.) Propane Distribution, and Specialty Chemicals. The Canadian Propane Distribution segment engages in the propane and natural gas liquid marketing wholesale business in Canada and California. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other refined fuels in the Eastern U.S., the Midwest, and California. The Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products. Superior General Partner Inc. serves as the general partner of the Company.
- Market Cap: $2,723.4M
- YTD-Return: +27.0%
- 1-Year Share Price Return: +37.5%
- 30-Day Average Trading Volume: 378,950
- Insider Name: Marquard & Bahls AG
- Insider Role: 10% Security Holder of Issuer
- Purchase Date: June 25, 2021
- Number of Shares: 540,000
- Share Price Paid: $15.40
- Total Transaction Value: $8,316,000
Gold Springs Resource Corp. (TSX:GRC) – $0.14
Gold Mining
Gold Springs Resource is a gold exploration company advancing the Gold Springs Project on the Nevada-Utah border in the western United States. The Gold Springs Project has a Preliminary Economic Assessment (PEA) with robust economics and district-scale potential. With a contiguous 80-sq km land position consolidating four historical mining districts, Gold Springs has 32 drill targets, including four NI 43-101 resources open to expansion, and drilling is underway.
- Market Cap: $34.9M
- YTD-Return: +16.7%
- 1-Year Share Price Return: +55.6%
- 30-Day Average Trading Volume: 93,350
- Insider Name: Antonio Canton
- Insider Role: Director
- Purchase Date: June 23, 2021
- Number of Shares: 739,500
- Share Price Paid: $0.13
- Total Transaction Value: $96,135
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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