The Co-Founder of Trilogy International Partners Inc. (TSE:TRL), Bradley Horwitz, Just Bought 15% More Shares

By
Simply Wall St
Published
December 03, 2020
TSX:TRL

Potential Trilogy International Partners Inc. (TSE:TRL) shareholders may wish to note that the Co-Founder, Bradley Horwitz, recently bought CA$325k worth of stock, paying CA$1.30 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 15%.

See our latest analysis for Trilogy International Partners

Trilogy International Partners Insider Transactions Over The Last Year

Notably, that recent purchase by Co-Founder Bradley Horwitz was not the only time they bought Trilogy International Partners shares this year. Earlier in the year, they paid CA$1.20 per share in a CA$540k purchase. That implies that an insider found the current price of CA$1.39 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 Trilogy International Partners insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Bradley Horwitz.

Bradley Horwitz bought 977.50k shares over the last 12 months at an average price of CA$1.27. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
TSX:TRL Insider Trading Volume December 3rd 2020

Trilogy International Partners is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From looking at our data, insiders own CA$3.2m worth of Trilogy International Partners stock, about 3.3% of the company. However, it's possible that insiders might have an indirect interest through a more complex structure. We consider this fairly low insider ownership.

So What Do The Trilogy International Partners Insider Transactions Indicate?

The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Trilogy International Partners insiders are expecting a bright future. While we like knowing 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. Case in point: We've spotted 2 warning signs for Trilogy International Partners you should be aware of.

But note: Trilogy International Partners 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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This article by Simply Wall St is general in nature. 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.
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