Morguard Insider Purchases 1,000 Shares for C$113,000
Sime Armoyan bought 1,000 Morguard shares at an average price of C$113.00 on October 9, for a total of C$113,000. After the transaction, he directly held 1,480,423 shares worth about C$167.3 million, representing a 0.07% increase in his ownership. The filing also noted several additional purchases by Armoyan in late September and early October.
Sime Armoyan added 1,000 Morguard shares on Oct. 9 at an average C$113.00, paying C$113,000. His direct stake afterward was 1,480,423 shares, worth roughly C$167.3 million, a 0.07% ownership increase. The filing also listed several purchases from Sept. 8 through Oct. 5, ranging from 300 to 3,300 shares.
Morguard stock traded up 1.5% to C$113.85, though it remained under both its 50-day and 200-day moving averages. The company’s market value was about C$1.22 billion, with a P/E near 5.91. Recent quarterly results showed C$7.93 EPS, C$273.12 million revenue, an 18.49% net margin and 4.61% return on equity.
News of continued insider purchases may influence how retail and institutional investors view Morguard’s prospects, potentially affecting trading activity and share price. Existing shareholders could see sentiment shift, while others tracking Canadian equities may pay closer attention to insider activity as a governance signal. However, a single filing is only one data point and may not predict future performance.