Three insiders — CEO Michael Balkin, CIO Paul Seitz, and a director — collectively purchased ~$510K in HRZN shares at ~$4.34-$4.36 on June 9, 2026. CEO Balkin's $434K open-market buy, the largest of the cluster, represents ~0.15% of the $294M market cap, a modest but notable signal of insider conviction.
Price Chart
Executive Summary
Three insiders — CEO Michael Balkin, CIO Paul Seitz, and a director — collectively purchased ~$510K in HRZN shares at ~$4.34-$4.36 on June 9, 2026. CEO Balkin's $434K open-market buy, the largest of the cluster, represents ~0.15% of the $294M market cap, a modest but notable signal of insider conviction.
Key Financial Metrics
Key Facts
- CEO Michael Balkin purchased 100,000 shares via open-market buy for $434,000 at $4.34.
- CIO Paul Seitz purchased 11,477 shares via open-market buy for about $49,925 at $4.35.
- Director Thomas J. Allison purchased 6,000 shares via open-market buy for about $26,160 at $4.36.
- Total cluster open-market purchases: ~$510K, or about 0.17% of market cap ($294M).
- Cluster is concentrated on a single day (June 9, 2026) with no concurrent sales by any insider.
- Prior 30-day insider activity already showed $510K in purchases — cluster almost exactly matches that amount in one day.
Financial Impact
Cluster of open-market buys totaling ~$510K, or 0.17% of market cap
Risk Factors
- Modest scale relative to market cap — cluster is 0.17%, below the 0.5% threshold for strong significance per proportionality guidelines.
- No disclosure of a specific catalyst — cluster may be routine value buying during a dip; stock trades near 52-week lows.
- CEO Balkin's purchase, while material in dollar amount, could be a longer-term accumulation rather than a near-term re-rating catalyst.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HRZN-1781123116110 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 11, 2026 19w ago | Insider Cluster | $4.57 $4.86 | ▲ +6.35% | ▲ +2.52% | $3.93 (−13.89%) |
Jun 10, 2026 19w ago | Insider Cluster | $4.57 $4.86 | ▲ +6.35% | ▲ +2.52% | $3.93 (−13.89%) |
Mar 11, 2026 32w ago | DEFA14A | $4.13 $4.43 | ▲ +7.38% | ▼ −4.14% | $3.93 (−4.62%) |
US Market Status
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