Chicago Capital Management buys $4,447,958 stake in Horizon Bancorp (HBNC)

Horizon Bancorp (HBNC) : Chicago Capital Management scooped up 104,523 additional shares in Horizon Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 161,509 shares of Horizon Bancorp which is valued at $4,447,958.Horizon Bancorp makes up approximately 1.61% of Chicago Capital Management’s portfolio.

Other Hedge Funds, Including , Foundry Partners reduced its stake in HBNC by selling 11,725 shares or 9.21% in the most recent quarter. The Hedge Fund company now holds 115,545 shares of HBNC which is valued at $3,035,367. Horizon Bancorp makes up approx 0.28% of Foundry Partners’s portfolio.Hefty Wealth Partners reduced its stake in HBNC by selling 2,565 shares or 8.4% in the most recent quarter. The Hedge Fund company now holds 27,956 shares of HBNC which is valued at $734,404. Horizon Bancorp makes up approx 0.59% of Hefty Wealth Partners’s portfolio. Bnp Paribas Arbitrage Sa added HBNC to its portfolio by purchasing 442 company shares during the most recent quarter which is valued at $11,377.

Horizon Bancorp opened for trading at $26.14 and hit $27.93 on the upside on Monday, eventually ending the session at $27.54, with a gain of 4.68% or 1.23 points. The heightened volatility saw the trading volume jump to 2,25,929 shares. Company has a market cap of $330 M.

Horizon Bancorp is a bank holding company. The Company provides a range of banking services in Northwestern and Central Indiana and Southwestern Michigan through its bank subsidiary Horizon Bank N.A. (the Bank) and other affiliated entities and Horizon Risk Management Inc. The Bank is a full-service commercial bank offering commercial and retail banking services corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management Inc. is a captive insurance company. As of December 31 2014 the Bank had total assets of $2.08 billion and total deposits of $1.48 billion. The Bank’s investment securities totaled $489.5 million as of December 31 2014 and included Treasury and federal agency securities state and municipal securities federal agency mortgage-backed pools federal agency collateralized mortgage obligations private label mortgage-backed pools and corporate securities.

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