Leon's Furniture (LNF) has notable insider buying

Leon's Furniture (T:LNF)

Leon's Furniture Limited (LNF) has a high amount of executive buying compared to its mid-cap peers over the past three months. According to recent regulatory filings, two insiders have invested a total amount of $66,308.Graeme Leon, a Senior Officer, acquired 600 Common Shares on a direct ownership basis at a price of $14.500 through the public market on March 12th, 2020. This represents a $8,700 investment into the company's shares and an account share holdings change of 5.5%.

Terrence Leon, a Senior Officer and Director, acquired 4,000 Common Shares on an indirect ownership basis for registered holder Terrimar at prices ranging from $14.350 and $14.419 through the public market on March 12th, 2020. This represents a $57,608 investment into the company's shares and an account share holdings change of 2.2%.

Leon's Furniture Ltd is a Canada-based provider of a home furniture, appliances, electronics and mattress stores. The Company's retail banners include Leon's, The Brick, The Brick Mattress Store, The Brick Clearance Centre, United Furniture Warehouse (UFW), The Brick's Midnorthern Appliance and Appliance Canada. It is a commercial retailer of appliances to builders, developers, hotels and property management companies. The Company's repair service division, Trans Global Services, provides household furniture, electronics and appliance repair services to its customers. The repair services division has contracts to support several manufacturers' warranty service work, in addition to servicing a number of individual programs offered by other dealers. The Company, through its subsidiaries, offers credit insurance coverage, which includes life, dismemberment, disability, critical illness, involuntary unemployment, property and family leave of absence.