Virtus ETF Advisers LLC boosted its position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) by 66.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,433 shares of the investment management company's stock after acquiring an additional 49,486 shares during the period. Virtus ETF Advisers LLC owned 0.31% of Horizon Technology Finance worth $1,119,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crew Capital Management Ltd. purchased a new stake in Horizon Technology Finance during the 4th quarter valued at approximately $99,000. Mutual Advisors LLC purchased a new stake in Horizon Technology Finance during the 4th quarter valued at approximately $106,000. JPMorgan Chase & Co. purchased a new stake in Horizon Technology Finance during the 3rd quarter valued at approximately $117,000. 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 valued at $119,000 after buying an additional 3,996 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Horizon Technology Finance during the 4th quarter valued at approximately $124,000. Institutional investors own 4.94% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on HRZN. UBS Group cut their price objective on shares of Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating for the company in a report on Thursday, April 17th. Maxim Group cut their target price on shares of Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a report on Monday, March 10th. Keefe, Bruyette & Woods cut their target price 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, StockNews.com lowered shares of Horizon Technology Finance from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Horizon Technology Finance has a consensus rating of "Hold" and a consensus price target of $9.20.
Get Our Latest Report on Horizon Technology Finance
Horizon Technology Finance Stock Performance
NASDAQ HRZN traded up $0.16 on Tuesday, hitting $8.94. 848,331 shares of the stock were exchanged, compared to its average volume of 355,847. Horizon Technology Finance Co. has a 52-week low of $7.55 and a 52-week high of $12.63. The firm has a market capitalization of $360.57 million, a P/E ratio of -74.50 and a beta of 1.08. The stock has a fifty day moving average price of $8.98 and a two-hundred day moving average price of $9.26.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The investment management company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.06). Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. Sell-side analysts expect that Horizon Technology Finance Co. will post 1.38 earnings per share for the current fiscal year.
Horizon Technology Finance Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, April 16th. This represents a yield of 16.34%. Horizon Technology Finance's payout ratio is -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.
Further Reading
Before you consider Horizon Technology Finance, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Horizon Technology Finance wasn't on the list.
While Horizon Technology Finance currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
