Empire Company (EMP) has notable insider buying

Empire Company (T:EMP)

Empire Company Limited (EMP) has a high amount of executive buying compared to its large-cap peers over the past three months. Michael Bennett Medline, CEO, acquired 6,800 Non-Voting Shares Class A on an indirect ownership basis for registered holder 2436212 Ontario Limited at a price of $21.868 through the public market on October 11th, 2017. This represents a $148,705 investment into the company's shares and an account share holdings change of 61.8%.

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company's segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc., which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton's Drug Stores, as well as more than 350 retail fuel locations. The Company's Investments and Other Operations segment includes equity accounted interest in Crombie REIT, which is an open-ended real estate investment trust owning a portfolio of over 260 retail and office properties across Canada, and equity accounted interests in Genstar Development Partnership, Genstar Development Partnership II, GDC Investments 4, L.P., GDC Investments 6, L.P., GDC Investments 7, L.P., GDC Investments 8, L.P. and The Fraipont Partnership (collectively, Genstar).