Two Sigma Investments LP trimmed its position in Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,273 shares of the investment management company's stock after selling 37,973 shares during the quarter. Two Sigma Investments LP owned 0.26% of Horizon Technology Finance worth $928,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Crew Capital Management Ltd. acquired a new stake in Horizon Technology Finance during the 4th quarter worth approximately $99,000. Quantbot Technologies LP increased its position in shares of Horizon Technology Finance by 43.0% in the fourth quarter. Quantbot Technologies LP now owns 13,290 shares of the investment management company's stock worth $119,000 after acquiring an additional 3,996 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Horizon Technology Finance in the 4th quarter valued at $124,000. Aigen Investment Management LP acquired a new position in shares of Horizon Technology Finance during the 4th quarter valued at $133,000. Finally, Brevan Howard Capital Management LP boosted its position in Horizon Technology Finance by 15.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 16,093 shares of the investment management company's stock worth $145,000 after purchasing an additional 2,108 shares during the period. 4.94% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Maxim Group cut their price objective 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. Wall Street Zen downgraded Horizon Technology Finance from a "hold" rating to a "sell" rating in a report on Thursday, February 20th. Compass Point cut Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 price target for the company. in a report on Wednesday, April 30th. Keefe, Bruyette & Woods lowered their price objective on shares of Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price objective on shares of Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Horizon Technology Finance presently has an average rating of "Hold" and an average price target of $8.45.
Get Our Latest Report on Horizon Technology Finance
Horizon Technology Finance Price Performance
HRZN traded down $0.06 on Tuesday, reaching $7.54. The company's stock had a trading volume of 300,265 shares, compared to its average volume of 392,668. Horizon Technology Finance Co. has a 1 year low of $7.12 and a 1 year high of $12.63. The business's 50 day moving average is $7.83 and its 200 day moving average is $8.79. The stock has a market cap of $304.28 million, a price-to-earnings ratio of -62.83 and a beta of 1.01.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced its earnings results 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 business had revenue of $24.52 million during the quarter, compared to analyst estimates of $26.67 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. As a group, research analysts forecast that Horizon Technology Finance Co. will post 1.38 earnings per share for the current fiscal year.
Horizon Technology Finance Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 16th will be issued a $0.11 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.32 annualized dividend and a yield of 17.51%. Horizon Technology Finance's dividend payout ratio is presently -145.05%.
Horizon Technology Finance 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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