Jackson Thornton Wealth Management LLC purchased a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 36,823 shares of the investment management company's stock, valued at approximately $331,000. Jackson Thornton Wealth Management LLC owned about 0.09% of Horizon Technology Finance as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Private Trust Co. NA acquired a new position in Horizon Technology Finance during the 3rd quarter worth $38,000. Quantbot Technologies LP bought a new stake in shares of Horizon Technology Finance during the 3rd quarter worth about $99,000. JPMorgan Chase & Co. acquired a new stake in shares of Horizon Technology Finance in the 3rd quarter worth approximately $117,000. Crew Capital Management Ltd. acquired a new stake in shares of Horizon Technology Finance in the 4th quarter worth approximately $99,000. Finally, Mutual Advisors LLC bought a new position in shares of Horizon Technology Finance in the fourth quarter valued at approximately $106,000. Institutional investors and hedge funds own 4.94% of the company's stock.
Horizon Technology Finance Price Performance
Shares of NASDAQ:HRZN traded down $0.06 on Friday, reaching $9.42. 157,355 shares of the company traded hands, compared to its average volume of 337,096. The stock has a market capitalization of $379.77 million, a PE ratio of -78.50 and a beta of 1.18. The company's 50 day moving average is $9.43 and its 200-day moving average is $9.62. Horizon Technology Finance Co. has a fifty-two week low of $8.46 and a fifty-two week high of $12.63.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.06). The company had revenue of $23.55 million during the quarter, compared to analyst estimates of $25.69 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. As a group, analysts expect that Horizon Technology Finance Co. will post 1.38 EPS for the current year.
Horizon Technology Finance Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 16th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 14.01%. The ex-dividend date is Wednesday, April 16th. Horizon Technology Finance's dividend payout ratio (DPR) is currently -1,100.00%.
Analysts Set New Price Targets
HRZN has been the subject of a number of research analyst reports. Maxim Group cut their target price on Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Compass Point upgraded Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 price objective for the company in a report on Tuesday, December 17th. Keefe, Bruyette & Woods lowered their target price on Horizon Technology Finance from $9.00 to $8.00 and set an "underperform" rating on the stock in a report on Friday, March 7th. Finally, StockNews.com cut shares of Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9.56.
View Our Latest Report on HRZN
Horizon Technology Finance Company Profile
(
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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