Horizon Gold Insiders Up AU$120k On AU$790.0k Investment

Insiders who purchased Horizon Gold Limited (ASX:HRN) shares in the past 12 months are unlikely to be deeply impacted by the stock's 14% decline over the past week. Even after accounting for the recent loss, the AU$790.0k worth of stock purchased by them is now worth AU$910.0k or in other words, their investment continues to give good returns.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Horizon Gold

The Last 12 Months Of Insider Transactions At Horizon Gold

The Non-Executive Chairman Peter Sullivan made the biggest insider purchase in the last 12 months. That single transaction was for AU$790k worth of shares at a price of AU$0.39 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.46. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Horizon Gold is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Horizon Gold

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that Horizon Gold insiders own 7.3% of the company, worth about AU$4.8m. We do generally prefer see higher levels of insider ownership.

So What Does This Data Suggest About Horizon Gold Insiders?

The fact that there have been no Horizon Gold insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think Horizon Gold insiders are doubting the company. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Horizon Gold has 5 warning signs (3 are potentially serious!) that deserve your attention before going any further with your analysis.

But note: Horizon Gold may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.