Jeffrey Schwartz, CFO, Director and 10% Holder, acquired 35,000 Subordinate Voting Shares Class B on a direct ownership basis at prices ranging from $5.100 to $5.111 on November 12th, 2019. This represents a $178,775 investment into the company's shares and an account share holdings change of 5.9%.
On the same day Jeffrey Segel, a Senior Officer, Director and 10% Holder, acquired 25,000 Subordinate Voting Shares Class B on a direct ownership basis at a price of $5.105 on November 12th, 2019. This represents a $127,625 investment into the company's shares and an account share holdings change of 4.5%. Finally, Martin Schwartz, CEO, Director and 10% Holder, acquired 25,000 Subordinate Voting Shares Class B on a direct ownership basis at a price of $5.092 on November 12th, 2019. This represents a $127,300 investment into the company's shares and an account share holdings change of 4.4%.
Dorel Industries is in the Home Furnishings Sub Industry Group under the Consumer Cyclicals Sector. The stock will be leaving the INK Canadian Insider Index effective at the close on November 15, 2019 as part of the semi-annual rebalancing.
Dorel Industries Inc is a Canada-based global consumer products company which designs, manufactures and distributes a portfolio of product brands. The Company markets its products in the United States, Europe, Latin America, Canada, and Asia. The Company operates through three segments: Dorel Juvenile, Dorel Sports and Dorel Home Furnishings. The Company's Dorel Juvenile segment is engaged in designing, sourcing, manufacturing, distribution and retailing of children's furniture and accessories. The Company's Dorel Sports segment is engaged in designing, sourcing, manufacturing and distribution of recreational and leisure products and accessories. The Company's Dorel Home Furnishings segment is engaged in designing, sourcing, manufacturing and distribution of ready-to-assemble (RTA) furniture and home furnishings. The Company's brands include Cannondale, Schwinn, GT, Mongoose, Caloi, Quinny, Maxi-Cosi, Tiny Love, Cosco, Infanti, Voyage, Angel, Disney and Eddie Bauer. Dorel Industries Inc. (DII) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, three insiders have invested a total amount of $433,700.
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