Off-market insider buying at Ritchie Bros. Auctioneers (T:RBA)

Ravichandra Saligram, CEO, acquired 10,444 Common Shares on a direct ownership basis at a price of US$35.92 through a prospectus or prospectus exempt offering on September 3rd, 2019. This represents a $500,561 investment into the company's shares and an account share holdings change of 12.6%.

Ritchie Bros. Auctioneers is in the Business Support Services Sub Industry Group under the Industrials Sector.

Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V. (Mascus) online services. EquipmentOne is an online marketplace that equipment sellers can navigate independently. EquipmentOne facilitates the completion of sales through a settlement process managed by EquipmentOne that protects both the seller and the buyer. Mascus is an online equipment listing service for used heavy machinery and trucks. It offers subscriptions to equipment dealers, brokers, exporters and equipment manufacturers to list equipment available for sale at a listed price. The Company, through Mascus, provides online advertising services, business tools and solutions. Ritchie Bros. Auctioneers Incorporated (RBA) has a high amount of executive buying compared to its large-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $500,561.