International Assets Investment Management LLC acquired a new stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 72,435 shares of the investment management company's stock, valued at approximately $954,000. International Assets Investment Management LLC owned about 0.22% of Horizon Technology Finance as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new stake in shares of Horizon Technology Finance during the 3rd quarter valued at about $755,000. Quadrature Capital Ltd purchased a new stake in shares of Horizon Technology Finance during the 3rd quarter valued at about $517,000. Virtus ETF Advisers LLC raised its position in shares of Horizon Technology Finance by 136.4% during the 3rd quarter. Virtus ETF Advisers LLC now owns 57,835 shares of the investment management company's stock valued at $687,000 after buying an additional 33,367 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Horizon Technology Finance during the 3rd quarter valued at about $175,000. Finally, Financial Gravity Asset Management Inc. raised its position in shares of Horizon Technology Finance by 25,158.3% during 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 buying an additional 3,019 shares in the last quarter. Institutional investors own 4.94% of the company's stock.
Horizon Technology Finance Stock Performance
Shares of NASDAQ:HRZN traded down $0.01 during trading on Friday, reaching $11.56. 271,646 shares of the company were exchanged, compared to its average volume of 273,759. The business's fifty day simple moving average is $11.49 and its 200-day simple moving average is $12.32. Horizon Technology Finance Co. has a 12-month low of $10.75 and a 12-month high of $13.73.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its earnings results on Tuesday, February 27th. The investment management company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The company had revenue of $28.18 million for the quarter, compared to analysts' expectations of $29.21 million. Horizon Technology Finance had a positive return on equity of 17.98% and a negative net margin of 12.40%. As a group, equities analysts predict that Horizon Technology Finance Co. will post 1.48 EPS for the current year.
Horizon Technology Finance Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 16th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 11.42%. The ex-dividend date is Friday, August 16th. Horizon Technology Finance's dividend payout ratio (DPR) is presently -314.28%.
Insider Activity
In other Horizon Technology Finance news, President Gerald A. Michaud acquired 3,650 shares of the company's stock in a transaction dated Friday, March 8th. The shares were purchased at an average cost of $11.77 per share, for a total transaction of $42,960.50. Following the completion of the purchase, the president now owns 156,244 shares in the company, valued at $1,838,991.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company's stock.
Analyst Ratings Changes
HRZN has been the topic of a number of recent analyst reports. UBS Group reduced their price objective on shares of Horizon Technology Finance from $11.50 to $10.50 and set a "neutral" rating on the stock in a research report on Monday, March 18th. LADENBURG THALM/SH SH reissued a "neutral" rating on shares of Horizon Technology Finance in a research report on Wednesday, February 28th. Finally, Oppenheimer reduced their price objective on shares of Horizon Technology Finance from $11.00 to $10.00 and set a "market perform" rating on the stock in a research report on Friday, March 1st. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, Horizon Technology Finance presently has an average rating of "Hold" and a consensus price target of $10.38.
Check Out Our Latest Stock Report on HRZN
Horizon Technology Finance Profile
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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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