Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) Director Michael Balkin acquired 20,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $8.53 per share, with a total value of $170,600.00. Following the transaction, the director now owns 20,000 shares of the company's stock, valued at approximately $170,600. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Horizon Technology Finance Price Performance
NASDAQ HRZN traded up $0.22 during trading hours on Tuesday, hitting $8.79. 1,020,129 shares of the company's stock traded hands, compared to its average volume of 317,163. Horizon Technology Finance Co. has a 52-week low of $8.46 and a 52-week high of $13.73. The company has a market capitalization of $334.56 million, a PE ratio of -73.25 and a beta of 1.22. The firm's 50-day moving average is $9.61 and its 200-day moving average is $10.83.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The firm had revenue of $24.56 million during the quarter, compared to analysts' expectations of $25.38 million. During the same period last year, the company earned $0.53 EPS. Equities research analysts predict 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 disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a $0.11 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.32 annualized dividend and a dividend yield of 15.02%. Horizon Technology Finance's dividend payout ratio is currently -1,100.00%.
Hedge Funds Weigh In On Horizon Technology Finance
Several large investors have recently made changes to their positions in HRZN. Commonwealth Equity Services LLC lifted its holdings in Horizon Technology Finance by 4.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,776 shares of the investment management company's stock worth $286,000 after buying an additional 1,113 shares in the last quarter. ETF Store Inc. grew its position in shares of Horizon Technology Finance by 3.7% in the 3rd quarter. ETF Store Inc. now owns 52,813 shares of the investment management company's stock valued at $562,000 after buying an additional 1,871 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Horizon Technology Finance in the 3rd quarter valued at $25,000. Private Trust Co. NA purchased a new position in Horizon Technology Finance during the 3rd quarter worth $38,000. Finally, Green Alpha Advisors LLC grew its position in Horizon Technology Finance by 1.8% during the 3rd quarter. Green Alpha Advisors LLC now owns 226,738 shares of the investment management company's stock worth $2,415,000 after purchasing an additional 3,928 shares during the last quarter. 4.94% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Compass Point upgraded shares of Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 price objective for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $9.35.
Read Our Latest Analysis on Horizon Technology Finance
About Horizon Technology Finance
(
Get Free Report)
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.
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