International Assets Investment Management LLC Purchases Shares of 72,435 Horizon Technology Finance Co. (NASDAQ:HRZN)

International Assets Investment Management LLC bought a new stake in Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 72,435 shares of the investment management company's stock, valued at approximately $954,000. International Assets Investment Management LLC owned approximately 0.22% of Horizon Technology Finance as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of HRZN. Financial Gravity Asset Management Inc. boosted its holdings in shares of Horizon Technology Finance by 25,158.3% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 3,031 shares of the investment management company's stock valued at $33,000 after purchasing an additional 3,019 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at $175,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Horizon Technology Finance by 15.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 19,381 shares of the investment management company's stock valued at $255,000 after purchasing an additional 2,627 shares in the last quarter. ETF Store Inc. boosted its holdings in shares of Horizon Technology Finance by 7.8% in the 3rd quarter. ETF Store Inc. now owns 42,988 shares of the investment management company's stock valued at $511,000 after purchasing an additional 3,114 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at $517,000. Institutional investors and hedge funds own 4.94% of the company's stock.

Insider Transactions at Horizon Technology Finance

In other Horizon Technology Finance news, President Gerald A. Michaud acquired 3,650 shares of the stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of $11.77 per share, with a total value of $42,960.50. Following the transaction, the president now owns 156,244 shares in the company, valued at approximately $1,838,991.88. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company's stock.

Horizon Technology Finance Trading Up 2.2 %

NASDAQ:HRZN traded up $0.25 during trading hours on Tuesday, hitting $11.68. 228,506 shares of the company were exchanged, compared to its average volume of 277,954. The stock has a market capitalization of $390.11 million, a price-to-earnings ratio of -23.84 and a beta of 1.21. Horizon Technology Finance Co. has a one year low of $10.75 and a one year high of $13.73. The company has a fifty day simple moving average of $11.80 and a 200 day simple moving average of $12.33.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced its earnings results on Tuesday, February 27th. The investment management company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $28.18 million for the quarter, compared to the consensus estimate of $29.21 million. Horizon Technology Finance had a positive return on equity of 18.24% and a negative net margin of 15.14%. Equities research analysts predict that Horizon Technology Finance Co. will post 1.53 earnings per share for the current fiscal year.

Horizon Technology Finance Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 16th. Stockholders of record on Tuesday, March 19th were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 18th. This is a positive change from Horizon Technology Finance's previous dividend of $0.11. This represents a dividend yield of 16.48%. Horizon Technology Finance's dividend payout ratio (DPR) is -269.38%.

Analyst Ratings Changes

HRZN has been the topic of a number of research analyst reports. B. Riley downgraded Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $11.00 target price on the stock. in a report on Monday, January 8th. UBS Group dropped their price target on Horizon Technology Finance from $11.50 to $10.50 and set a "neutral" rating for the company in a research note on Monday, March 18th. LADENBURG THALM/SH SH reiterated a "neutral" rating on shares of Horizon Technology Finance in a research note on Wednesday, February 28th. Finally, Oppenheimer dropped their price target on Horizon Technology Finance from $11.00 to $10.00 and set a "market perform" rating for the company in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.38.

Horizon Technology Finance Company 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.