West Family Investments Inc. raised its stake in Horizon Technology Finance Corporation (NASDAQ:HRZN) by 49.0% during the second quarter, Holdings Channel reports. The institutional investor owned 158,628 shares of the investment management company’s stock after buying an additional 52,156 shares during the period. West Family Investments Inc.’s holdings in Horizon Technology Finance Corporation were worth $1,866,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Founders Financial Securities LLC increased its stake in shares of Horizon Technology Finance Corporation by 25.8% in the first quarter. Founders Financial Securities LLC now owns 12,646 shares of the investment management company’s stock valued at $141,000 after buying an additional 2,591 shares in the last quarter. Nwam LLC acquired a new stake in shares of Horizon Technology Finance Corporation during the first quarter valued at $174,000. Infrastructure Capital Advisors LLC acquired a new stake in shares of Horizon Technology Finance Corporation during the first quarter valued at $184,000. Wells Fargo & Company MN increased its stake in shares of Horizon Technology Finance Corporation by 2.2% in the first quarter. Wells Fargo & Company MN now owns 65,616 shares of the investment management company’s stock valued at $730,000 after buying an additional 1,414 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of Horizon Technology Finance Corporation by 1.3% in the first quarter. LSV Asset Management now owns 191,000 shares of the investment management company’s stock valued at $2,125,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 17.40% of the company’s stock.

Shares of Horizon Technology Finance Corporation (NASDAQ HRZN) opened at 10.845 on Wednesday. The company’s 50 day moving average price is $11.24 and its 200 day moving average price is $11.22. Horizon Technology Finance Corporation has a 12 month low of $9.64 and a 12 month high of $13.88.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, August 1st. The investment management company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by $0.03. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The firm had revenue of $5.88 million during the quarter, compared to analysts’ expectations of $6.71 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. Horizon Technology Finance Corporation’s revenue for the quarter was down 35.3% compared to the same quarter last year. On average, analysts forecast that Horizon Technology Finance Corporation will post $1.09 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date of this dividend is Wednesday, October 18th. Horizon Technology Finance Corporation’s payout ratio is currently -749.95%.

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Several brokerages recently weighed in on HRZN. UBS AG downgraded Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 3rd. Raymond James Financial, Inc. restated an “underperform” rating on shares of Horizon Technology Finance Corporation in a research report on Thursday, August 3rd. Maxim Group restated a “hold” rating on shares of Horizon Technology Finance Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $11.00 price objective on shares of Horizon Technology Finance Corporation in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Horizon Technology Finance Corporation Company Profile

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating 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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Institutional Ownership by Quarter for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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