11,522 Shares in Horizon Technology Finance Co. (NASDAQ:HRZN) Bought by Mutual Advisors LLC

Mutual Advisors LLC bought a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,522 shares of the investment management company’s stock, valued at approximately $106,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HRZN. ETF Store Inc. boosted its position in shares of Horizon Technology Finance by 3.7% during the 3rd quarter. ETF Store Inc. now owns 52,813 shares of the investment management company’s stock worth $562,000 after acquiring an additional 1,871 shares in the last quarter. First Financial Bank Trust Division boosted its position in shares of Horizon Technology Finance by 5.0% during the 4th quarter. First Financial Bank Trust Division now owns 45,725 shares of the investment management company’s stock worth $411,000 after acquiring an additional 2,173 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Horizon Technology Finance during the 3rd quarter worth about $25,000. Private Trust Co. NA acquired a new position in shares of Horizon Technology Finance during the 3rd quarter worth about $38,000. Finally, Green Alpha Advisors LLC boosted its position in shares of Horizon Technology Finance by 1.8% during the 3rd quarter. Green Alpha Advisors LLC now owns 226,738 shares of the investment management company’s stock worth $2,415,000 after acquiring an additional 3,928 shares in the last quarter. 4.94% of the stock is owned by institutional investors and hedge funds.

Horizon Technology Finance Stock Performance

Horizon Technology Finance stock opened at $9.26 on Thursday. Horizon Technology Finance Co. has a fifty-two week low of $8.46 and a fifty-two week high of $13.42. The company has a market capitalization of $369.29 million, a P/E ratio of -77.17 and a beta of 1.21. The stock has a 50-day simple moving average of $9.17 and a 200-day simple moving average of $10.21.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, October 29th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $25.38 million. During the same period in the previous year, the firm posted $0.53 earnings per share. As a group, analysts forecast 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 announced a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 18th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 14.25%. The ex-dividend date of this dividend is Tuesday, February 18th. Horizon Technology Finance’s payout ratio is currently -1,100.00%.

Analyst Upgrades and Downgrades

Separately, Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective for the company in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, Horizon Technology Finance currently has an average rating of “Hold” and an average price target of $9.35.

Insider Activity

In related news, President Gerald A. Michaud acquired 8,000 shares of Horizon Technology Finance stock in a transaction on Monday, November 25th. The stock was purchased at an average cost of $9.31 per share, with a total value of $74,480.00. Following the purchase, the president now directly owns 169,309 shares in the company, valued at approximately $1,576,266.79. The trade was a 4.96 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Balkin acquired 20,000 shares of Horizon Technology Finance stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $8.53 per share, with a total value of $170,600.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $170,600. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.34% of the company’s stock.

Horizon Technology Finance 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.