Brink’s Company (BCO) Witnesses Insider Buying amid Leadership Overhaul, Plus Four Other Companies Registering Noteworthy Insider Activity

Maker of Forest Products Has Board Member Buy Shares

Resolute Forest Products Inc. (NYSE:RFP) had not seen any insiders buy shares for a few years until last week. Michael S. Rousseau, member of the company’s boardroom, bought 20,000 shares on Wednesday at prices varying from $5.15 to $5.19 per share, lifting his overall holding to 59,032 shares.

The self-named leader in the forest products industry, selling a wide array of products such as market pulp, tissue, wood products, newsprint and specialty papers, has seen its market capitalization plummet by 32% year-to-date. Resolute Forest Products Inc. (NYSE:RFP) recently filed a lawsuit against non-governmental environmental organization Greenpeace for its “Resolute: Forest Destroyer” campaign that criticizes the company’s forestry practices. The company’s sales for the first quarter of 2016 fell by 5% year-over-year to $877 million, mainly due to lower prices for wood products. The average transaction price for market pulp was 10% lower than a year ago, while average prices for newsprint and specialty papers were 9% and 5% lower, respectively. Michael Johnston’s Steelhead Partners owns nearly 6.00 million shares of Resolute Forest Products Inc. (NYSE:RFP) as of March 31.

Manufacturer of Products for Medical Applications Has Chairman (and Former CEO) Sell Shares

One of Atrion Corporation (NASDAQ:ATRI)’s most informed insiders sold some shares this past week. Chairman Emile A. Battat, who also served as CEO from October 1998 to May 2011, sold 3,000 shares on Wednesday at prices that ranging from $420.00 to $424.00 per share and 130 shares on Thursday at $427.00 apiece. Following the recent sales, Mr. Battat currently holds an ownership stake of 145,043 shares.

The shares of the developer of fluid delivery devices, and ophthalmic and cardiovascular products for medical applications are 11% in the green year-to-date. Atrion Corporation (NASDAQ:ATRI)’s revenues for the first quarter of 2016 were $36.2 million, down 5.5% year-over-year due to the strong greenback and the commoditization of an ophthalmic product. Meanwhile, the company’s bottom line decreased to $6.9 million from $7.6 million reported a year ago. Atrion currently pays shareholders a quarterly cash dividend of $0.90 per share, which equates to an annual dividend yield of 0.84%. Jim Simons’ Renaissance Technologies LLC has 28,000 shares of Atrion Corporation (NASDAQ:ATRI) among its holdings as of the end of March.

This Oil and Natural Gas E&P Has CEO Unload Some Shares

Gulfport Energy Corporation (NASDAQ:GPOR)’s President and CEO, Michael G. Moore, discarded 20,000 shares on Wednesday at prices that fell between $32.95 and $32.96 per share. After the recent sale, Mr. Moore continues to own 226,175 shares.

The U.S. independent oil and natural gas E&P company has seen its shares advance by 33% since the beginning of the year. Earlier this month, analysts at Deutsche Bank downgraded Gulfport Energy Corporation (NASDAQ:GPOR) to ‘Hold’ from ‘Buy’ and lowered the price target on the stock to $33 from $37, small infrastructure growth observed at most Northeast natural gas producers. However, improving prices are anticipated to “keep some positive momentum in the natural gas-levered producers”. The hedge fund sentiment towards Gulfport Energy increased during the first three months of 2016, as the number of funds from our system with stakes in the company jumped to 43 from 30 during the quarter. Andreas Halvorsen’s Viking Global owns 11.38 million shares of Gulfport Energy Corporation (NASDAQ:GPOR) as of the end of the first quarter.

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