Magnetar Financial LLC bought a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 45,128 shares of the investment management company's stock, valued at approximately $406,000. Magnetar Financial LLC owned 0.11% of Horizon Technology Finance as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of HRZN. First Financial Bank Trust Division lifted its stake in Horizon Technology Finance by 5.0% during the fourth quarter. First Financial Bank Trust Division now owns 45,725 shares of the investment management company's stock valued at $411,000 after buying an additional 2,173 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at approximately $38,000. Quantbot Technologies LP acquired a new position in Horizon Technology Finance in the 3rd quarter worth approximately $99,000. JPMorgan Chase & Co. purchased a new position in Horizon Technology Finance during the 3rd quarter worth approximately $117,000. Finally, Crew Capital Management Ltd. acquired a new stake in Horizon Technology Finance during the 4th quarter valued at $99,000. Institutional investors and hedge funds own 4.94% of the company's stock.
Horizon Technology Finance Price Performance
Shares of HRZN stock traded up $0.18 on Thursday, hitting $9.48. The company's stock had a trading volume of 199,996 shares, compared to its average volume of 335,823. The stock has a market capitalization of $382.19 million, a price-to-earnings ratio of -79.00 and a beta of 1.18. The firm's fifty day moving average price is $9.42 and its 200-day moving average price is $9.64. 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 issued its quarterly earnings data 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 firm had revenue of $23.55 million during the quarter, compared to analyst estimates of $25.69 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. Analysts predict that Horizon Technology Finance Co. will post 1.38 EPS for the current fiscal year.
Horizon Technology Finance Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 16th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 13.92%. The ex-dividend date of this dividend is Wednesday, April 16th. Horizon Technology Finance's dividend payout ratio (DPR) is presently -1,100.00%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target 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. StockNews.com lowered shares of Horizon Technology Finance from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Maxim Group dropped their price target on shares of Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Finally, Compass Point raised 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, December 17th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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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