Green Alpha Advisors LLC Raises Stock Position in Horizon Technology Finance Co. (NASDAQ:HRZN)

Green Alpha Advisors LLC raised its position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) by 28.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 290,447 shares of the investment management company's stock after acquiring an additional 63,709 shares during the period. Horizon Technology Finance makes up 2.1% of Green Alpha Advisors LLC's portfolio, making the stock its 5th biggest position. Green Alpha Advisors LLC owned about 0.73% of Horizon Technology Finance worth $2,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in Horizon Technology Finance in the 3rd quarter worth approximately $25,000. Private Trust Co. NA acquired a new stake in shares of Horizon Technology Finance in the third quarter valued at about $38,000. Quantbot Technologies LP bought a new stake in shares of Horizon Technology Finance in the third quarter valued at about $99,000. JPMorgan Chase & Co. bought a new position in Horizon Technology Finance during the third quarter worth about $117,000. Finally, Adell Harriman & Carpenter Inc. bought a new position in shares of Horizon Technology Finance in the third quarter valued at approximately $128,000. Institutional investors and hedge funds own 4.94% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Compass Point raised shares of Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 target price for the company in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, Horizon Technology Finance presently has an average rating of "Hold" and a consensus target price of $9.35.

Horizon Technology Finance Stock Up 1.2 %

Shares of HRZN traded up $0.11 during mid-day trading on Monday, hitting $9.22. 446,504 shares of the company's stock were exchanged, compared to its average volume of 334,935. The stock's 50-day simple moving average is $9.19 and its 200-day simple moving average is $10.46. The firm has a market cap of $367.66 million, a price-to-earnings ratio of -76.83 and a beta of 1.21. Horizon Technology Finance Co. has a 52 week low of $8.46 and a 52 week high of $13.71.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). The business had revenue of $24.56 million for the quarter, compared to analyst estimates of $25.38 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. During the same quarter last year, the firm posted $0.53 EPS. Analysts forecast that Horizon Technology Finance Co. will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 14.32%. The ex-dividend date is Thursday, January 16th. Horizon Technology Finance's dividend payout ratio (DPR) is currently -1,100.00%.

Insider Buying and Selling at Horizon Technology Finance

In other news, Director Michael Balkin purchased 20,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $8.53 per share, for a total transaction of $170,600.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $170,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Gerald A. Michaud purchased 8,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the acquisition, the president now owns 169,309 shares of the company's stock, valued at $1,576,266.79. The trade was a 4.96 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.34% of the company's stock.

Horizon Technology Finance Profile

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.