An Insider At Horizon Bancorp (HBNC) Lowers Holdings By Over 7,000 SHares

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Horizon Bancorp (NASDAQ:HBNC), watched as one of its insiders decreased his positioning in the company through a transaction officially filed today. Director Robert E. Swinehart sold 7,365 shares at an average price of $22 per share. After the completion of this transaction, Swinehart holds 26,755 shares in the company.
Horizon Bancorp (NASDAQ:HBNC) is a $203.18 million market cap company 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 provides a range of banking services in Northwestern Indiana and Southwestern Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities.
While there is not much outside involvement, one hedge fund has substantial holdings with the company. After reporting a 31% decrease in its activity last quarter, Jim Simons‘ Renaissance Technologies now holds a total of 41,385 shares worth about $922 thousand.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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