Do Hedge Funds Love Horizon Technology Finance Corp (HRZN)?

With a general bullishness amongst the heavyweights, specific money managers were breaking ground themselves. Dialectic Capital Management, managed by John Fichthorn, established the most valuable position in Horizon Technology Finance Corp (NASDAQ:HRZN). Dialectic Capital Management had $0.9 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also initiated a $0.2 million position during the quarter. The other funds with new positions in the stock are D E Shaw and Ken Griffin’s Citadel Investment Group.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Horizon Technology Finance Corp (NASDAQ:HRZN) but similarly valued. These stocks are Evans Bancorp Inc. (NYSEAMEX:EVBN), Unique Fabricating Inc (NYSEMKT:UFAB), Alliance HealthCare Services, Inc. (NASDAQ:AIQ), and Achaogen Inc (NASDAQ:AKAO). This group of stocks’ market caps match HRZN’s market cap.

As you can see these stocks had an average of 5.25 hedge funds with bullish positions and the average amount invested in these stocks was $22 million. That figure was $3 million in HRZN’s case. Achaogen Inc (NASDAQ:AKAO) is the most popular stock in this table. On the other hand Evans Bancorp Inc. (NYSEAMEX:EVBN) is the least popular one with only 4 bullish hedge fund positions. Horizon Technology Finance Corp (NASDAQ:HRZN) is not the most popular stock in terms of total hedge fund position size. In this regard AIQ might be a better candidate to consider a long position.