Strategic Financial Concepts LLC Purchases Shares of 87,653 Horizon Technology Finance Co. (NASDAQ:HRZN)

Strategic Financial Concepts LLC bought 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 filing with the Securities and Exchange Commission (SEC). The institutional investor bought 87,653 shares of the investment management company's stock, valued at approximately $788,000. Strategic Financial Concepts LLC owned 0.22% of Horizon Technology Finance as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. ETF Store Inc. boosted its stake in shares of Horizon Technology Finance by 3.7% during the third quarter. ETF Store Inc. now owns 52,813 shares of the investment management company's stock worth $562,000 after buying an additional 1,871 shares during the period. First Financial Bank Trust Division raised its holdings 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 worth $411,000 after purchasing an additional 2,173 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Horizon Technology Finance during the third quarter worth about $25,000. Private Trust Co. NA purchased a new position in Horizon Technology Finance during the third quarter worth about $38,000. Finally, Quantbot Technologies LP purchased a new position in Horizon Technology Finance during the third quarter worth about $99,000. Institutional investors and hedge funds own 4.94% of the company's stock.

Insider Activity

In other Horizon Technology Finance news, Director Michael Balkin purchased 20,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 20,000 shares of the company's stock, valued at $170,600. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Gerald A. Michaud purchased 8,000 shares of the stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the transaction, the president now directly owns 169,309 shares of the company's stock, valued at approximately $1,576,266.79. The trade was a 4.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.34% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on HRZN. StockNews.com cut shares of Horizon Technology Finance from a "hold" rating to a "sell" rating in a report on Thursday. Compass Point raised shares of Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 price target for the company in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, Horizon Technology Finance currently has an average rating of "Hold" and an average target price of $9.35.

Horizon Technology Finance Price Performance

Horizon Technology Finance stock remained flat at $9.82 during mid-day trading on Friday. 264,740 shares of the company's stock were exchanged, compared to its average volume of 309,948. Horizon Technology Finance Co. has a 12 month low of $8.46 and a 12 month high of $13.29. The company has a market cap of $391.58 million, a P/E ratio of -81.83 and a beta of 1.22. The business's 50-day simple moving average is $9.27 and its 200-day simple moving average is $9.93.

Horizon Technology Finance Company 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.