57,135 Shares in Horizon Technology Finance Corporation $HRZN Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC acquired 57,135 shares of Horizon Technology Finance Corporation, valued at approximately $411,000, representing a 0.14% ownership stake in the company.
• Horizon Technology Finance's stock has seen significant fluctuations, with a 52-week low of $5.70 and a high of $10.30, while opening at $5.88 recently.
• The company announced a $0.11 monthly dividend to be paid on November 14th, with a high annualized dividend yield of 22.4%, despite a current payout ratio of -114.78%.

International Assets Investment Management LLC acquired a new position in Horizon Technology Finance Corporation (NASDAQ:HRZN - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 57,135 shares of the investment management company's stock, valued at approximately $411,000. International Assets Investment Management LLC owned 0.14% of Horizon Technology Finance at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HRZN. ETF Store Inc. boosted its holdings in Horizon Technology Finance by 16.6% in the 1st quarter. ETF Store Inc. now owns 55,348 shares of the investment management company's stock worth $521,000 after buying an additional 7,877 shares during the period. Cetera Investment Advisers boosted its holdings in Horizon Technology Finance by 20.2% in the 1st quarter. Cetera Investment Advisers now owns 63,008 shares of the investment management company's stock worth $594,000 after buying an additional 10,603 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in Horizon Technology Finance in the 1st quarter worth approximately $36,000. 4.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HRZN has been the subject of several analyst reports. UBS Group cut their price objective on shares of Horizon Technology Finance from $7.00 to $6.25 and set a "neutral" rating for the company in a report on Tuesday, October 14th. Maxim Group cut their price target on shares of Horizon Technology Finance from $10.00 to $7.50 and set a "buy" rating for the company in a report on Monday, August 11th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Horizon Technology Finance in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $6.95.

Horizon Technology Finance Stock Performance

NASDAQ HRZN opened at $5.88 on Thursday. Horizon Technology Finance Corporation has a 52-week low of $5.70 and a 52-week high of $10.30. The company has a market capitalization of $250.19 million, a P/E ratio of -5.11 and a beta of 1.00. The company has a fifty day moving average of $6.52 and a 200-day moving average of $7.33.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its earnings results on Thursday, August 7th. The investment management company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The company had revenue of ($9.89) million for the quarter, compared to analysts' expectations of $24.54 million. Horizon Technology Finance had a negative net margin of 48.76% and a positive return on equity of 14.02%. As a group, analysts forecast that Horizon Technology Finance Corporation will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 16th will be given a $0.11 dividend. The ex-dividend date is Thursday, October 16th. This represents a c) dividend on an annualized basis and a dividend yield of 22.4%. Horizon Technology Finance's payout ratio is presently -114.78%.

Horizon Technology Finance Company Profile

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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