Horizon Technology Finance Corporation (NASDAQ:HRZN - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.79 and traded as high as $5.14. Horizon Technology Finance shares last traded at $5.01, with a volume of 1,094,585 shares.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Oppenheimer lowered their target price on shares of Horizon Technology Finance from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Friday, August 7th. UBS Group cut their price target on shares of Horizon Technology Finance from $4.50 to $4.25 and set a "neutral" rating on the stock in a research note on Monday, May 18th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Horizon Technology Finance in a report on Wednesday, August 5th. Finally, Zacks Research raised shares of Horizon Technology Finance from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $4.94.
Check Out Our Latest Analysis on HRZN
Horizon Technology Finance Stock Performance
The business has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.79. The company has a market capitalization of $335.82 million, a PE ratio of 13.92 and a beta of 0.98.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of ($44.66) million during the quarter, compared to analyst estimates of $25.22 million. Horizon Technology Finance had a net margin of 5.27% and a return on equity of 11.15%. Research analysts forecast that Horizon Technology Finance Corporation will post 0.63 earnings per share for the current fiscal year.
Horizon Technology Finance Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.06 per share. This represents a c) annualized dividend and a yield of 14.4%. The ex-dividend date is Tuesday, November 17th. Horizon Technology Finance's payout ratio is currently 200.00%.
Insider Activity at Horizon Technology Finance
In other Horizon Technology Finance news, Director Thomas J. Allison acquired 6,000 shares of the company's stock in a transaction dated Tuesday, June 9th. The stock was bought at an average price of $4.36 per share, with a total value of $26,160.00. Following the completion of the transaction, the director directly owned 55,926 shares of the company's stock, valued at approximately $243,837.36. The trade was a 12.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Balkin bought 100,000 shares of the business's stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of $4.34 per share, for a total transaction of $434,000.00. Following the purchase, the chief executive officer owned 223,527 shares in the company, valued at approximately $970,107.18. This trade represents a 80.95% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 134,977 shares of company stock valued at $585,975 over the last quarter. Company insiders own 0.29% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in HRZN. N.E.W. Advisory Services LLC boosted its position in shares of Horizon Technology Finance by 100.0% in the fourth quarter. N.E.W. Advisory Services LLC now owns 4,000 shares of the investment management company's stock worth $26,000 after buying an additional 2,000 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Horizon Technology Finance during the 1st quarter valued at about $50,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Horizon Technology Finance during the 1st quarter worth approximately $52,000. Tower Research Capital LLC TRC acquired a new position in Horizon Technology Finance during the 2nd quarter worth approximately $60,000. Finally, Chapin Davis Inc. purchased a new position in Horizon Technology Finance in the 2nd quarter worth approximately $60,000. 4.94% of the stock is owned by hedge funds and other institutional investors.
About Horizon Technology Finance
(
Get Free Report)
Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.
Horizon Technology Finance's investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.
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