Private Trust Co. NA Invests $38,000 in Horizon Technology Finance Co. (NASDAQ:HRZN)

Private Trust Co. NA purchased a new stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,572 shares of the investment management company’s stock, valued at approximately $38,000.

Several other hedge funds have also bought and sold shares of HRZN. Dynamic Technology Lab Private Ltd purchased a new position in shares of Horizon Technology Finance during the third quarter valued at approximately $217,000. ETF Store Inc. raised its stake in Horizon Technology Finance by 3.7% during the third quarter. ETF Store Inc. now owns 52,813 shares of the investment management company’s stock valued at $562,000 after buying an additional 1,871 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Horizon Technology Finance in the third quarter worth $25,000. Adell Harriman & Carpenter Inc. bought a new stake in Horizon Technology Finance in the third quarter worth $128,000. Finally, International Assets Investment Management LLC grew its stake in shares of Horizon Technology Finance by 810.1% in the third quarter. International Assets Investment Management LLC now owns 50,055 shares of the investment management company’s stock worth $5,330,000 after acquiring an additional 44,555 shares during the last quarter. Institutional investors own 4.94% of the company’s stock.

Horizon Technology Finance Price Performance

Shares of Horizon Technology Finance stock opened at $9.34 on Friday. The stock has a market cap of $355.50 million, a price-to-earnings ratio of -77.83 and a beta of 1.24. Horizon Technology Finance Co. has a 1 year low of $9.07 and a 1 year high of $13.73. The firm’s 50-day moving average is $9.94 and its 200 day moving average is $11.03.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The firm had revenue of $24.56 million for the quarter, compared to analysts’ expectations of $25.38 million. During the same quarter in the previous year, the company earned $0.53 EPS. On average, equities analysts expect that Horizon Technology Finance Co. will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 14.13%. The ex-dividend date of this dividend is Monday, December 16th. Horizon Technology Finance’s dividend payout ratio is currently -1,100.00%.

About Horizon Technology Finance

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.