Horizon Technology Finance Corporation $HRZN Position Lifted by Green Alpha Advisors LLC

Green Alpha Advisors LLC raised its position in Horizon Technology Finance Corporation (NASDAQ:HRZN) by 29.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 500,029 shares of the investment management company’s stock after buying an additional 112,303 shares during the quarter. Horizon Technology Finance makes up approximately 2.9% of Green Alpha Advisors LLC’s portfolio, making the stock its 7th biggest position. Green Alpha Advisors LLC’s holdings in Horizon Technology Finance were worth $3,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co increased its position in Horizon Technology Finance by 20.0% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 43,268 shares of the investment management company’s stock valued at $312,000 after acquiring an additional 7,197 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Horizon Technology Finance in the 2nd quarter valued at approximately $60,000. Oxford Asset Management LLP purchased a new stake in shares of Horizon Technology Finance during the second quarter worth approximately $285,000. BNP Paribas Financial Markets purchased a new stake in shares of Horizon Technology Finance during the second quarter worth approximately $122,000. Finally, Marshall Wace LLP acquired a new stake in shares of Horizon Technology Finance during the second quarter worth $103,000. 4.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HRZN. Weiss Ratings restated a “sell (d)” rating on shares of Horizon Technology Finance in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Horizon Technology Finance from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, UBS Group upped their target price on shares of Horizon Technology Finance from $6.25 to $6.50 and gave the company a “neutral” rating in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Horizon Technology Finance presently has a consensus rating of “Reduce” and an average price target of $7.00.

Horizon Technology Finance Price Performance

Shares of HRZN stock opened at $6.31 on Wednesday. The firm has a fifty day moving average of $6.46 and a two-hundred day moving average of $6.91. Horizon Technology Finance Corporation has a 1-year low of $5.70 and a 1-year high of $9.99. The firm has a market cap of $280.06 million, a P/E ratio of -9.42 and a beta of 0.99.

Horizon Technology Finance (NASDAQ:HRZN) last issued its earnings results on Tuesday, October 28th. The investment management company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. Horizon Technology Finance had a positive return on equity of 15.01% and a negative net margin of 24.19%.The company had revenue of $26.32 million during the quarter, compared to the consensus estimate of $22.99 million. On average, sell-side analysts expect that Horizon Technology Finance Corporation will post 1.38 EPS for the current year.

Horizon Technology Finance Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a yield of 20.9%. The ex-dividend date is Tuesday, February 17th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -197.01%.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.

Horizon Technology Finance’s investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.