Posted at 7:00 a.m.
Montreal-based asset manager Fiera Capital lost the last buy recommendation for its stock this week.
TD’s Graham Ryding was the only one still offering the buy among the seven analysts who Fiera by eye on Bay Street. He withdrew his buy suggestion earlier this week citing a “lack of catalysts” on the horizon for the stock.
He underlines in passing the pressure on inflows of assets under management and that this pressure is likely to continue to be felt in the short term, due to market volatility. He also notes that the debt is starting to rise again, but believes that the dividend is safe.
At the current market price, the dividend yield is close to 8.5%.
Last month, Desjardins Securities withdrew its buy recommendation on Fiera, a decision justified essentially by a question of evaluation.
A business leader can send a strong signal by buying shares. This is why following insider transactions is one of the elements that can help an investor in his decision-making or help him confirm his decision.
An insider is in a better position than ordinary mortals to know when the stock of the company they lead is a buying opportunity, noted this month the portfolio manager Philippe Le Blanc, of Cote 100, in his letter financial.
“There is only one good reason to buy stocks: the hope of making a good profit! And the higher the sums invested by insiders in the purchases, the more the message is relevant, ”he continues.
The chairman of the board of directors of SNC Lavalin bought earlier this week for more than $600,000 of shares in the Montreal engineering firm. Bill Young bought a block of 22,800 shares on Monday. He had also bought a block of 700 shares a week earlier. Bill Young joined the board two years ago and now owns 35,800 shares of SNC.
An administrator of CAE has just purchased $400,000 worth of shares in the Montreal company specializing in flight simulators. Elise Eberwein bought a block of 14,500 shares on August 12. She paid a unit price of $27.37. These are his first CAE shares. Elise Eberwein was elected to CAE’s Board of Directors this month.
A leader of Saputo has just purchased $67,000 worth of shares in the Montreal dairy processor. Frank Guido bought a block of 2,000 shares on August 12 at a unit price of $33.50. At Saputo, he is President and Chief Operating Officer of the Canadian Dairy Products Division.
A member of the management of NC has just sold more than $200,000 worth of shares in the Montreal rail carrier. Sean Finn, executive vice president of corporate services and chief legal officer, sold a block of 1,255 shares on Aug. 4. It got a unit price of $162.35.
An administrator of Savaria has just sold for just over $150,000 shares of the Laval company specializing in accessibility for people with reduced mobility. Jean-Louis Chapdelaine sold a block of 10,000 shares on August 12 at a unit price of $15.04.
The Quebec titles of Supremex, Dollarama, Feed Couche-Tard, Therapeutic Knight, Uni-Select and Boralex all hit a 52-week high on the Toronto Stock Exchange this week.
In contrast, those of Guru, VAT group and Senvest Capital hit a 52-week low this week.