TrueMark Investments LLC purchased a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 209,378 shares of the investment management company's stock, valued at approximately $1,882,000. TrueMark Investments LLC owned about 0.53% of Horizon Technology Finance at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in HRZN. First Financial Bank Trust Division raised its position in shares of Horizon Technology Finance by 5.0% in the 4th quarter. First Financial Bank Trust Division now owns 45,725 shares of the investment management company's stock valued at $411,000 after acquiring an additional 2,173 shares during the period. Private Trust Co. NA acquired a new position in shares of Horizon Technology Finance in the 3rd quarter valued at $38,000. Quantbot Technologies LP increased its position in shares of Horizon Technology Finance by 43.0% in the 4th quarter. Quantbot Technologies LP now owns 13,290 shares of the investment management company's stock valued at $119,000 after buying an additional 3,996 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Horizon Technology Finance during the 3rd quarter worth $117,000. Finally, Crew Capital Management Ltd. bought a new position in Horizon Technology Finance during the fourth quarter worth about $99,000. Institutional investors own 4.94% of the company's stock.
Wall Street Analyst Weigh In
HRZN has been the subject of a number of research reports. Compass Point raised Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 target price for the company in a research note on Tuesday, December 17th. Maxim Group cut their price target on shares of Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, March 10th. StockNews.com downgraded Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods reduced their target price on Horizon Technology Finance from $9.00 to $8.00 and set an "underperform" rating for the company in a research note on Friday, March 7th. Three equities research 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $9.56.
Get Our Latest Analysis on Horizon Technology Finance
Horizon Technology Finance Trading Down 0.6 %
HRZN stock traded down $0.06 during trading hours on Friday, hitting $9.42. 157,355 shares of the stock were exchanged, compared to its average volume of 337,096. The company has a 50-day simple moving average of $9.43 and a two-hundred day simple moving average of $9.61. The firm has a market capitalization of $379.77 million, a P/E ratio of -78.50 and a beta of 1.18. Horizon Technology Finance Co. has a 12 month low of $8.46 and a 12 month high of $12.63.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced 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%. On average, equities research analysts predict 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. This represents a $1.32 annualized dividend and a yield of 14.01%. The ex-dividend date is Wednesday, April 16th. Horizon Technology Finance's dividend payout ratio is currently -1,100.00%.
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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