Virtu Financial LLC acquired a new stake in Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 31,729 shares of the investment management company's stock, valued at approximately $285,000. Virtu Financial LLC owned approximately 0.08% of Horizon Technology Finance as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Magnetar Financial LLC bought a new position in shares of Horizon Technology Finance during the fourth quarter valued at approximately $406,000. Raymond James Financial Inc. bought a new position in Horizon Technology Finance in the fourth quarter worth about $124,000. Aigen Investment Management LP bought a new position in Horizon Technology Finance in the fourth quarter worth about $133,000. Crew Capital Management Ltd. purchased a new stake in Horizon Technology Finance in the fourth quarter worth about $99,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Horizon Technology Finance during the 4th quarter valued at approximately $148,000. Hedge funds and other institutional investors own 4.94% of the company's stock.
Horizon Technology Finance Stock Performance
Shares of HRZN traded down $0.11 during trading hours on Monday, hitting $9.32. The company had a trading volume of 114,160 shares, compared to its average volume of 336,224. The stock has a market capitalization of $375.53 million, a price-to-earnings ratio of -77.63 and a beta of 1.18. The firm has a fifty day moving average price of $9.43 and a 200-day moving average price of $9.60. Horizon Technology Finance Co. has a 52-week low of $8.46 and a 52-week high of $12.63.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its earnings results on Tuesday, March 4th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). The firm had revenue of $23.55 million during 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%. Research analysts anticipate that Horizon Technology Finance Co. will post 1.38 earnings per share for the current fiscal year.
Horizon Technology Finance Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 16th will be given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 14.17%. The ex-dividend date of this dividend is Wednesday, April 16th. Horizon Technology Finance's dividend payout ratio (DPR) is -1,100.00%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on HRZN shares. Keefe, Bruyette & Woods lowered 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. StockNews.com lowered Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Maxim Group reduced their target price on shares of Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Finally, Compass Point upgraded 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 research note on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $9.56.
Check Out Our Latest Analysis on HRZN
Horizon Technology Finance 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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