Noteworthy Insider Trading Activity at These 5 Companies as Insider Buying Ratio Increases

PDC Energy Saw Board Member Unload Sizable Block of Shares Last Week

Director James M. Trimble, who served as the CEO and President of PDC Energy Inc. (NASDAQ:PDCE) from June 2011 through June 2014, discarded 105,881 shares on Wednesday at prices varying from $60.02 to $60.71 per share. Following the massive sale, Mr. Trimble currently owns 132,760 shares of PDC Energy.

The independent exploration and production company has seen its shares gain 16% since the beginning of 2016. PDC Energy Inc. (NASDAQ:PDCE)’s production volumes for the first quarter of 2016 reached 4.6 million barrels of oil equivalents (MMboe), an increase of 58% year-over-year. The increase was mainly driven by the successful horizontal Niobrara and Codell drilling program in the Wattenberg Field. In March, the company raised roughly $296.6 million through a public offering of 5.92 million shares, a portion of which was used to repay all amounts outstanding under its revolving credit facility. The remaining amounts were said to be used to repay the principal amounts of convertible notes in May, as well as cover general corporate expenses. Wayne Cooperman’s Cobalt Capital Management acquired a new stake of 192,704 shares of PDC Energy Inc. (NASDAQ:PDCE) during the March quarter.

Louisiana-Pacific Registered Noteworthy Insider Selling Last Week

Brian E. Luoma, Senior Vice President of Siding at Louisiana-Pacific Corporation (NYSE:LPX), sold 10,792 shares on Wednesday at $18.53 per share, cutting his stake to 74,534 shares. Meanwhile, Chief Executive Officer Curtis M. Stevens offloaded a massive block of 116,100 shares for $18.49 each, trimming his ownership to 359,418 shares.

The shares of the supplier of building materials are up by 19% in the past three months, but by less than 1% year-to-date. Louisiana-Pacific Corporation (NYSE:LPX)’s manufacturing facilities are mainly located in the United States and Canada, but the company also has two facilities in Chile and one in Brazil. Consumer demand for the company’s products strongly correlates with the level of residential construction activity in North America. The U.S Department of Census reported that U.S single and multi-family housing starts for the first quarter of 2016 were 15% higher year-over-year, which explains why the company’s sales for the quarter were up by 7% year-over-year. Robert Bishop’s Impala Asset Management reported ownership of 848,390 shares of Louisiana-Pacific Corporation (NYSE:LPX) through the latest round of 13F filings.

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