Horizon North Logistics: 3 Different Insiders Have Purchased Shares During The Last 30 Days

| About: Horizon North (HZNOF)

In this article, I will feature one consumer stock that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:

  1. The stock is purchased by three or more insiders within one month.

  2. The stock is sold by no insiders in the month of intensive purchasing.

  3. At least two purchasers increase their holdings by more than 10%.

Horizon North Logistics (OTC:HZNOF) provides camp and catering, ground matting, and marine transportation services to oil and gas exploration and production companies, oilfield service companies, and mining companies.

Insider buying during the last 30 days

Here is a table of Horizon North Logistics' insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Roderick Graham SVP Feb 24-28 25,000 55,000 shares +83.3%
Scott Matson CFO Feb 24 4,200 4,200 shares from 0 to 4,200
Dale Tremblay Director Feb 25 2,100 13,100 shares +19.1%

There have been 31,300 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Horizon North Logistics' insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
February 2014 31,300 0
January 2014 0 481,000
December 2013 0 110,000
November 2013 0 2,150,387
October 2013 0 53,700
September 2013 0 0
August 2013 0 1,100,000
July 2013 0 0
June 2013 0 0
May 2013 0 83,334
April 2013 60,000 439,300
March 2013 90,000 60,700
February 2013 8,100 0
January 2013 0 0

There have been 189,400 shares purchased, and there have been 4,478,421 shares sold by insiders since January 2013.


Horizon North Logistics reported the full-year 2013 financial results on February 19 with the following highlights:

Revenue $554.4 million
Net income $42.6 million
Net debt $79.8 million

The insiders purchased their shares after this report.


Horizon North Logistics commented on February 19:

After a very soft quarter to end 2013, activity levels have improved to start 2014. In the camp rental and catering business, activity levels are slightly ahead of where they were last year at this time. The matting business is also seeing rental and sales levels similar to last year at this time with increases expected as spring break-up approaches.


Horizon North Logistics' competitors include Black Diamond Group Ltd. (OTC:BDIMF). Here is a table comparing these two companies.

Market Cap: 785.12M 1.14B
Qtrly Rev Growth (yoy): -0.22 -0.09
Revenue: 554.39M 314.54M
EBITDA: 126.33M 129.31M
Operating Margin: 0.13 0.26
Net Income: 42.64M 50.91M
EPS: 0.39 1.20
P/E: 18.43 22.65
P/S: 1.42 3.62

Horizon North Logistics has a lower P/S ratio than Black Diamond Group. In Black Diamond Group, there have been 3,400 shares purchased and there have been zero shares sold by insiders this year. Only Horizon North Logistics has seen intensive insider buying during the last 30 days.


There have been three different insiders buying Horizon North Logistics, and there have not been any insiders selling Horizon North Logistics during the last 30 days. All three of these insiders increased their holdings by more than 10%.

The insiders purchased their shares at prices ranging from $7.05 (C$7.76) to $7.27 (C$8.00). I believe Horizon North Logistics could be a good pick below $7 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in HZNOF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.