Virtus ETF Advisers LLC increased its holdings in shares of Horizon Technology Finance Co. (NASDAQ:HRZN - Free Report) by 66.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,433 shares of the investment management company's stock after purchasing an additional 49,486 shares during the quarter. Virtus ETF Advisers LLC owned approximately 0.31% of Horizon Technology Finance worth $1,119,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crew Capital Management Ltd. bought a new position in Horizon Technology Finance during the fourth quarter valued at approximately $99,000. Mutual Advisors LLC bought a new position in Horizon Technology Finance during the fourth quarter valued at approximately $106,000. JPMorgan Chase & Co. bought a new position in Horizon Technology Finance during the third quarter valued at approximately $117,000. Quantbot Technologies LP lifted its stake in shares of Horizon Technology Finance by 43.0% in the 4th quarter. Quantbot Technologies LP now owns 13,290 shares of the investment management company's stock valued at $119,000 after purchasing an additional 3,996 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Horizon Technology Finance in the 4th quarter valued at approximately $124,000. 4.94% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
HRZN has been the subject of several analyst reports. StockNews.com lowered Horizon Technology Finance from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. UBS Group lowered their price objective on 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. Compass Point downgraded Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 price target on the stock. in a report on Wednesday. Maxim Group reduced their price target on Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Finally, Keefe, Bruyette & Woods reduced their price target on Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating on the stock in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Horizon Technology Finance currently has a consensus rating of "Hold" and a consensus price target of $8.85.
View Our Latest Stock Analysis on HRZN
Horizon Technology Finance Stock Down 3.8 %
Shares of NASDAQ HRZN traded down $0.29 during mid-day trading on Thursday, reaching $7.16. 878,339 shares of the company were exchanged, compared to its average volume of 365,994. Horizon Technology Finance Co. has a 1 year low of $7.15 and a 1 year high of $12.63. The firm has a 50-day moving average of $8.92 and a 200 day moving average of $9.24. The stock has a market cap of $288.58 million, a price-to-earnings ratio of -59.63 and a beta of 1.08.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The investment management company reported $0.27 EPS 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 analysts' expectations 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, equities analysts forecast that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.
Horizon Technology Finance Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.11 per share. This represents a dividend yield of 16.34%. The ex-dividend date is Wednesday, April 16th. Horizon Technology Finance's payout ratio is -1,100.00%.
Horizon Technology Finance Company 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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