GSA Capital Partners LLP reduced its position in shares of Horizon Technology Finance Corp. (NASDAQ:HRZN) by 25.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,800 shares of the investment management company’s stock after selling 13,100 shares during the period. GSA Capital Partners LLP’s holdings in Horizon Technology Finance Corp. were worth $473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Horizon Technology Finance Corp. by 109.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,286 shares of the investment management company’s stock worth $572,000 after buying an additional 25,746 shares during the period. UBS Group AG increased its position in shares of Horizon Technology Finance Corp. by 5.0% in the first quarter. UBS Group AG now owns 289,665 shares of the investment management company’s stock worth $3,363,000 after buying an additional 13,920 shares during the period. Goldman Sachs Group Inc. bought a new stake in Horizon Technology Finance Corp. during the first quarter valued at about $117,000. Finally, AXA increased its stake in Horizon Technology Finance Corp. by 22.0% in the first quarter. AXA now owns 20,503 shares of the investment management company’s stock valued at $238,000 after buying an additional 3,700 shares during the period. Hedge funds and other institutional investors own 18.65% of the company’s stock.

Horizon Technology Finance Corp. (NASDAQ:HRZN) traded up 0.99% during trading on Monday, hitting $13.32. The company had a trading volume of 72,206 shares. The stock has a 50-day moving average of $13.60 and a 200-day moving average of $12.32. Horizon Technology Finance Corp. has a one year low of $9.01 and a one year high of $13.95.

Horizon Technology Finance Corp. (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, August 2nd. The investment management company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. Horizon Technology Finance Corp. had a return on equity of 10.80% and a net margin of 21.44%. The firm had revenue of $9.09 million for the quarter, compared to the consensus estimate of $8.69 million. During the same quarter last year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, equities analysts anticipate that Horizon Technology Finance Corp. will post $1.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, September 20th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, September 16th. Horizon Technology Finance Corp.’s dividend payout ratio is 219.05%.

HRZN has been the subject of several recent analyst reports. National Securities reiterated a “buy” rating and set a $14.00 price target on shares of Horizon Technology Finance Corp. in a research note on Thursday, August 4th. Compass Point initiated coverage on Horizon Technology Finance Corp. in a research note on Thursday, July 7th. They set a “neutral” rating and a $12.65 price target for the company. Maxim Group downgraded Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $14.00 to $13.75 in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. downgraded Horizon Technology Finance Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 4th. Finally, Zacks Investment Research downgraded Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.54.

Horizon Technology Finance Corp. Company Profile

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

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