Schonfeld Strategic Advisors LLC reduced its stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) by 71.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,100 shares of the investment management company's stock after selling 44,300 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Horizon Technology Finance were worth $163,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of HRZN. JPMorgan Chase & Co. bought a new position in shares of Horizon Technology Finance during the third quarter valued at about $117,000. Mutual Advisors LLC bought a new position in shares of Horizon Technology Finance during the fourth quarter valued at about $106,000. First Affirmative Financial Network bought a new stake in shares of Horizon Technology Finance in the fourth quarter worth about $145,000. Strategic Financial Concepts LLC bought a new stake in shares of Horizon Technology Finance in the fourth quarter worth about $788,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Horizon Technology Finance in the fourth quarter worth about $148,000. 4.94% of the stock is owned by institutional investors.
Horizon Technology Finance Stock Performance
Horizon Technology Finance stock opened at $7.55 on Thursday. The stock's 50 day simple moving average is $8.52 and its two-hundred day simple moving average is $9.05. The stock has a market cap of $304.68 million, a price-to-earnings ratio of -62.92 and a beta of 1.05. Horizon Technology Finance Co. has a fifty-two week low of $7.12 and a fifty-two week 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 the consensus estimate of $0.33 by ($0.06). The firm had revenue of $24.52 million for the quarter, compared to the consensus estimate of $26.67 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. On average, analysts predict that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.
Horizon Technology Finance Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Monday, August 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.32 annualized dividend and a yield of 17.48%. Horizon Technology Finance's payout ratio is -145.05%.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on HRZN. Compass Point cut Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 target price on the stock. in a research note on Wednesday, April 30th. UBS Group cut their target price on 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. Keefe, Bruyette & Woods cut their target price on Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. B. Riley began coverage on Horizon Technology Finance in a research note on Tuesday. They issued a "neutral" rating and a $7.00 target price on the stock. Finally, StockNews.com cut Horizon Technology Finance from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $8.45.
Read Our Latest Analysis on Horizon Technology Finance
Horizon Technology Finance Profile
(
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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