Marshall Wace LLP purchased a new position in Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.
Other large investors also recently modified their holdings of the company. Green Alpha Advisors LLC boosted its position in Horizon Technology Finance by 28.1% in the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company's stock worth $2,611,000 after purchasing an additional 63,709 shares during the last quarter. TrueMark Investments LLC purchased a new position in shares of Horizon Technology Finance in the fourth quarter worth approximately $1,882,000. Trexquant Investment LP grew its position in Horizon Technology Finance by 196.4% during the fourth quarter. Trexquant Investment LP now owns 198,451 shares of the investment management company's stock valued at $1,784,000 after buying an additional 131,505 shares during the period. LPL Financial LLC increased its holdings in Horizon Technology Finance by 9.7% during the fourth quarter. LPL Financial LLC now owns 176,871 shares of the investment management company's stock valued at $1,590,000 after buying an additional 15,670 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in Horizon Technology Finance in the fourth quarter worth approximately $788,000. Institutional investors own 4.94% of the company's stock.
Horizon Technology Finance Price Performance
Shares of NASDAQ HRZN traded up $0.24 during mid-day trading on Friday, reaching $7.38. The company's stock had a trading volume of 626,554 shares, compared to its average volume of 368,891. The stock has a fifty day moving average of $8.82 and a two-hundred day moving average of $9.20. The firm has a market capitalization of $297.65 million, a PE ratio of -61.50 and a beta of 1.08. Horizon Technology Finance Co. has a 52 week low of $7.12 and a 52 week high of $12.63.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced 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). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The company had revenue of $24.52 million for the quarter, compared to analysts' expectations of $26.67 million. Analysts anticipate that Horizon Technology Finance Co. will post 1.38 EPS for the current fiscal year.
Horizon Technology Finance Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Monday, August 18th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, August 18th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 17.89%. Horizon Technology Finance's payout ratio is -145.05%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Maxim Group cut their price objective on shares of Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, March 10th. StockNews.com cut Horizon Technology Finance from a "hold" rating to a "sell" rating in a research 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 objective on the stock. in a research report on Wednesday. Keefe, Bruyette & Woods cut their price objective on Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group decreased their target price 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. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Horizon Technology Finance currently has an average rating of "Hold" and an average price target of $8.85.
Check Out Our Latest Stock Analysis on HRZN
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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