Martinrea International (MRE) has notable insider buying

Martinrea International (T:MRE)

Martinrea International Inc. (MRE) 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 $233,663.Frank Patrick D'Eramo, CEO and Director, acquired 24,000 Common Shares on a direct ownership basis at prices ranging from $6.086USD and $6.086USD through the public market on March 12th, 2020. This represents a $201,873 investment into the company's shares and an account share holdings change of 15.8%.

Hany Morsy, a Senior Officer, acquired 3,500 Common Shares on an indirect ownership basis for registered holder RRSP at a price of $9.083 through the public market on March 13th, 2020. This represents a $31,791 investment into the company's shares and an account share holdings change of 12.3%.

Martinrea International Inc. is a Canada-based company that is engaged in the development and production of metal parts, assemblies and modules, fluid management systems and aluminum products focused primarily on the automotive sector. Its segments include North America, Europe and Rest of the World. Its products include a range of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. It operates across Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain and China. Its solutions include lightweight structures, propulsion systems and flexible manufacturing. Its lightweight structures are designed and provided incorporating steel, aluminum, a combination of both or other materials. It offers engine, transmission, thermal and fluid products.