Trexquant Investment LP grew its position in Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) by 196.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 198,451 shares of the investment management company's stock after acquiring an additional 131,505 shares during the period. Trexquant Investment LP owned 0.50% of Horizon Technology Finance worth $1,784,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of HRZN. JPMorgan Chase & Co. bought a new position in Horizon Technology Finance in the third quarter valued at about $117,000. Crew Capital Management Ltd. bought a new position in Horizon Technology Finance in the 4th quarter valued at approximately $99,000. Mutual Advisors LLC acquired a new stake in Horizon Technology Finance during the 4th quarter worth approximately $106,000. Quantbot Technologies LP grew its holdings in Horizon Technology Finance by 43.0% during the 4th quarter. Quantbot Technologies LP now owns 13,290 shares of the investment management company's stock worth $119,000 after acquiring an additional 3,996 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Horizon Technology Finance in the 4th quarter valued at approximately $124,000. Institutional investors and hedge funds own 4.94% of the company's stock.
Horizon Technology Finance Stock Up 1.3 %
HRZN stock traded up $0.11 during midday trading on Monday, reaching $8.33. 127,134 shares of the company's stock traded hands, compared to its average volume of 347,441. Horizon Technology Finance Co. has a 52 week low of $7.55 and a 52 week high of $12.63. The company has a market cap of $335.82 million, a price-to-earnings ratio of -69.42 and a beta of 1.08. The firm's fifty day moving average price is $9.25 and its 200-day moving average price is $9.43.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last posted its earnings results on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). The business had revenue of $23.55 million for the quarter, compared to the consensus estimate 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 forecast that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.
Horizon Technology Finance Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 16th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.32 annualized dividend and a dividend yield of 15.85%. Horizon Technology Finance's payout ratio is -1,100.00%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on HRZN shares. StockNews.com lowered Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Maxim Group cut their price objective on 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. Keefe, Bruyette & Woods lowered their price target on shares of Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating for the company in a report on Tuesday, April 8th. Finally, Compass Point raised shares of Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 price objective on the stock in a research note on Tuesday, December 17th. 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's stock. According to MarketBeat, Horizon Technology Finance presently has an average rating of "Hold" and an average price target of $9.44.
Read Our Latest Research Report on Horizon Technology Finance
About Horizon Technology Finance
(
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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