Green Alpha Advisors LLC grew its position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) by 23.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,742 shares of the investment management company's stock after purchasing an additional 68,295 shares during the period. Horizon Technology Finance makes up approximately 3.6% of Green Alpha Advisors LLC's investment portfolio, making the stock its 6th biggest position. Green Alpha Advisors LLC owned 0.89% of Horizon Technology Finance worth $3,379,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Two Sigma Advisers LP boosted its position in shares of Horizon Technology Finance by 44.6% during the 4th quarter. Two Sigma Advisers LP now owns 49,897 shares of the investment management company's stock valued at $449,000 after acquiring an additional 15,397 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Horizon Technology Finance during the 4th quarter valued at about $220,000. Brevan Howard Capital Management LP lifted its holdings in shares of Horizon Technology Finance by 15.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 16,093 shares of the investment management company's stock valued at $145,000 after acquiring an additional 2,108 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Horizon Technology Finance in the fourth quarter worth about $173,000. Finally, Jane Street Group LLC bought a new stake in Horizon Technology Finance during the fourth quarter worth approximately $447,000. 4.94% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. B. Riley started coverage on Horizon Technology Finance in a report on Tuesday, May 13th. They set a "neutral" rating and a $7.00 price target on the stock. Maxim Group reduced 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. Keefe, Bruyette & Woods cut their target price on Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. Compass Point cut Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 price objective for the company. in a report on Wednesday, April 30th. Finally, UBS Group cut their price objective on Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $8.45.
Get Our Latest Stock Report on Horizon Technology Finance
Horizon Technology Finance Stock Performance
NASDAQ HRZN remained flat at $7.43 during trading on Thursday. 200,071 shares of the company's stock were exchanged, compared to its average volume of 390,273. The stock 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 Co. has a 1-year low of $7.12 and a 1-year high of $12.63. The company has a 50-day simple moving average of $7.98 and a 200 day simple moving average of $8.84.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.06). The firm had revenue of $24.52 million during the quarter, compared to analysts' expectations of $26.67 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. As a group, 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 Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 17.77%. The ex-dividend date is Monday, June 16th. Horizon Technology Finance's dividend payout ratio is presently -145.05%.
Horizon Technology Finance Company 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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