Marshall Wace LLP Takes Position in Horizon Technology Finance Co. (NASDAQ:HRZN)

Marshall Wace LLP purchased a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 143,219 shares of the investment management company's stock, valued at approximately $1,288,000. Marshall Wace LLP owned about 0.36% of Horizon Technology Finance at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Horizon Technology Finance in the third quarter valued at $117,000. Crew Capital Management Ltd. purchased a new position in Horizon Technology Finance in the 4th quarter valued at about $99,000. Mutual Advisors LLC acquired a new stake in shares of Horizon Technology Finance during the 4th quarter worth about $106,000. Quantbot Technologies LP grew its holdings in shares of Horizon Technology Finance by 43.0% during the fourth quarter. Quantbot Technologies LP now owns 13,290 shares of the investment management company's stock worth $119,000 after buying an additional 3,996 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Horizon Technology Finance in the fourth quarter valued at approximately $124,000. Institutional investors and hedge funds own 4.94% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HRZN. Maxim Group cut their price target on Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a report on Monday, March 10th. Compass Point lowered Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 price target on the stock. in a research note on Wednesday, April 30th. UBS Group dropped their price objective on shares of Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased their target price on shares of 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. Finally, StockNews.com lowered Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $8.85.

Horizon Technology Finance Stock Up 0.6 %

Shares of NASDAQ HRZN traded up $0.04 during trading on Monday, reaching $7.42. 114,294 shares of the stock were exchanged, compared to its average volume of 368,506. The company has a market capitalization of $299.30 million, a price-to-earnings ratio of -61.77 and a beta of 1.08. The business's 50-day moving average price is $8.82 and its 200 day moving average price is $9.18. Horizon Technology Finance Co. has a twelve month low of $7.12 and a twelve month high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The investment management company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.06). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The firm had revenue of $24.52 million during the quarter, compared to analysts' expectations of $26.67 million. As a group, sell-side analysts expect 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 disclosed a monthly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 17.79%. The ex-dividend date of this dividend is Monday, August 18th. Horizon Technology Finance's dividend payout ratio is currently -145.05%.

Horizon Technology Finance 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.