Potential Horizon North Logistics Inc. (TSE:HNL) shareholders may wish to note that the Chairman, Kevin Nabholz, recently bought CA$660k worth of stock, paying CA$1.10 for each share. That certainly has us anticipating the best, especially since they thusly increased their own holding by 100%, potentially signalling some real optimism.
Horizon North Logistics Insider Transactions Over The Last Year
In fact, the recent purchase by Kevin Nabholz was the biggest purchase of Horizon North Logistics shares made by an insider individual in the last twelve months, according to our records. So it’s clear an insider wanted to buy, at around the current price, which is CA$1.10. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. If someone buys shares at well below current prices, it’s a good sign on balance, but keep in mind they may no longer see value. Happily, the Horizon North Logistics insiders decided to buy shares at close to current prices.
Happily, we note that in the last year insiders paid CA$1.8m for 1.2m shares. But they sold 495k for CA$876k. Overall, Horizon North Logistics insiders were net buyers last year. They paid about CA$1.49 on average. These transactions suggest that insiders have considered the current price attractive. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Does Horizon North Logistics Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own CA$3.8m worth of Horizon North Logistics stock, about 2.1% of the company. We consider this fairly low insider ownership.
So What Does This Data Suggest About Horizon North Logistics Insiders?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn’t make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Horizon North Logistics stock. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Horizon North Logistics.
But note: Horizon North Logistics 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, but not derivative transactions.
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