The CEO and CFO both buying on the same day is a strong bullish signal for a BDC like HRZN, where insider buys are rare. Monitor for an upcoming earnings release or NAV update — the cluster may reflect confidence in portfolio performance or a pending catalyst.
Price Chart
Executive Summary
Five HRZN insiders, including the CEO and CFO, made open-market purchases totaling ~$630K on June 9-10, 2026, at ~$4.34/share. This cluster represents ~0.21% of the $303M market cap — a modest but notable signal, amplified by the CFO's first-ever open-market buy and the CEO's $434K purchase.
Key Financial Metrics
Key Facts
- CEO Balkin purchased 100,000 shares ($434K) on June 9 — his largest open-market buy in the window.
- CFO Trolio purchased 11,500 shares ($49.9K) on June 10 — a first-time open-market buy for the CFO.
- CIO Seitz purchased 11,477 shares ($49.9K) on June 9.
- Three directors (Allison, Goodman, O'Connor) also bought, totaling ~$96K.
- Total cluster value ~$630K, or ~0.21% of $303M market cap.
- All transactions are open-market purchases (Code P) — no 10b5-1 plan sales or tax-withholding dispositions.
Financial Impact
~$630K in insider purchases, ~0.21% of market cap
Risk Factors
- BDCs trade at discounts to NAV; insider buys do not guarantee NAV stability or dividend coverage.
- The cluster is modest relative to market cap (0.21%) — not a transformative signal alone.
- No explicit catalyst disclosed in the filing; the buy could be opportunistic at a low price.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HRZN-1781182886667 |
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% | $3.95 (−13.57%) |
Jun 10, 2026 19w ago | Insider Cluster | $4.57 $4.86 | ▲ +6.35% | ▲ +2.52% | $3.95 (−13.57%) |
Mar 11, 2026 32w ago | DEFA14A | $4.13 $4.43 | ▲ +7.38% | ▼ −4.14% | $3.95 (−4.25%) |
US Market Status
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