Jane Street Group LLC acquired a new stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 49,692 shares of the investment management company's stock, valued at approximately $447,000. Jane Street Group LLC owned approximately 0.12% of Horizon Technology Finance as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of Horizon Technology Finance during the third quarter valued at approximately $117,000. First Affirmative Financial Network purchased a new stake in Horizon Technology Finance during the 4th quarter valued at $145,000. Strategic Financial Concepts LLC purchased a new stake in Horizon Technology Finance during the 4th quarter valued at $788,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Horizon Technology Finance in the 4th quarter worth $148,000. Finally, Crew Capital Management Ltd. purchased a new position in shares of Horizon Technology Finance in the fourth quarter worth $99,000. 4.94% of the stock is currently owned by institutional investors.
Horizon Technology Finance Price Performance
Shares of NASDAQ:HRZN traded down $0.03 during midday trading on Wednesday, hitting $7.43. The company had a trading volume of 331,151 shares, compared to its average volume of 391,015. Horizon Technology Finance Co. has a 12-month low of $7.12 and a 12-month high of $12.63. The company has a fifty day moving average of $7.98 and a two-hundred day moving average of $8.84. The company has a market cap of $299.84 million, a price-to-earnings ratio of -61.92 and a beta of 1.05.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its earnings results on Tuesday, April 29th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. The firm had revenue of $24.52 million during the quarter, compared to analysts' expectations of $26.67 million. Research analysts expect 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 declared a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, June 16th. This represents a $1.32 dividend on an annualized basis and a yield of 17.77%. Horizon Technology Finance's dividend payout ratio is presently -145.05%.
Analysts Set New Price Targets
Several equities research analysts recently commented on HRZN shares. Wall Street Zen cut Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Compass Point downgraded shares of Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 price target on the stock. in a report on Wednesday, April 30th. Keefe, Bruyette & Woods reduced 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 research note on Tuesday, April 8th. Maxim Group lowered their price objective 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, B. Riley started coverage on shares of Horizon Technology Finance in a report on Tuesday, May 13th. They issued a "neutral" rating and a $7.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8.45.
View Our Latest Research Report on HRZN
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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