TrueMark Investments LLC grew its stake in Horizon Technology Finance Corporation (NASDAQ:HRZN - Free Report) by 30.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 272,512 shares of the investment management company's stock after buying an additional 63,134 shares during the quarter. TrueMark Investments LLC owned 0.68% of Horizon Technology Finance worth $2,567,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Horizon Technology Finance during the 4th quarter worth about $447,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Horizon Technology Finance during the 4th quarter worth about $220,000. Green Alpha Advisors LLC raised its position in shares of Horizon Technology Finance by 23.5% during the 1st quarter. Green Alpha Advisors LLC now owns 358,742 shares of the investment management company's stock worth $3,379,000 after acquiring an additional 68,295 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Horizon Technology Finance during the 4th quarter worth about $1,288,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Horizon Technology Finance during the 4th quarter worth about $406,000. Hedge funds and other institutional investors own 4.94% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on HRZN shares. Maxim Group cut their target price on 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. UBS Group cut their target price 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. Compass Point lowered Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 target price on the stock. in a research report on Wednesday, April 30th. B. Riley assumed coverage on Horizon Technology Finance in a research report on Tuesday, May 13th. They set a "neutral" rating and a $7.00 price target on the stock. Finally, Keefe, Bruyette & Woods cut their price target on Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. 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 stock. Based on data from MarketBeat, Horizon Technology Finance has a consensus rating of "Hold" and an average price target of $8.45.
Get Our Latest Stock Report on Horizon Technology Finance
Horizon Technology Finance Stock Down 1.2%
HRZN traded down $0.09 during trading on Thursday, hitting $7.18. 1,696,084 shares of the stock were exchanged, compared to its average volume of 407,496. The firm has a market capitalization of $289.71 million, a P/E ratio of -7.89 and a beta of 1.01. Horizon Technology Finance Corporation has a 1-year low of $7.12 and a 1-year high of $12.63. The stock has a fifty day moving average price of $7.63 and a two-hundred day moving average price of $8.64.
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 the consensus estimate of $0.33 by ($0.06). The firm had revenue of $24.52 million for the quarter, compared to analyst estimates of $26.67 million. Horizon Technology Finance had a positive return on equity of 13.98% and a negative net margin of 36.34%. Analysts predict that Horizon Technology Finance Corporation will post 1.38 EPS for the current year.
Horizon Technology Finance Dividend Announcement
The business also recently declared a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.11 per share. This represents a dividend yield of 18.06%. The ex-dividend date is Monday, June 16th. Horizon Technology Finance's dividend payout ratio (DPR) is presently -145.05%.
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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