Horizon Technology Finance (NASDAQ:HRZN) CFO Daniel Trolio Acquires 11,500 Shares of Stock

Horizon Technology Finance Corporation (NASDAQ:HRZN) CFO Daniel Trolio acquired 11,500 shares of Horizon Technology Finance stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of $4.34 per share, with a total value of $49,910.00. Following the completion of the acquisition, the chief financial officer owned 15,023 shares of the company’s stock, valued at $65,199.82. This trade represents a 326.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Horizon Technology Finance Trading Up 3.0%

Shares of NASDAQ HRZN opened at $4.44 on Thursday. The stock has a fifty day simple moving average of $4.30 and a two-hundred day simple moving average of $5.45. Horizon Technology Finance Corporation has a 1-year low of $3.80 and a 1-year high of $8.46. The firm has a market cap of $303.07 million, a price-to-earnings ratio of 10.33 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings data on Tuesday, May 5th. The investment management company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Horizon Technology Finance had a return on equity of 13.63% and a net margin of 22.55%.The business had revenue of ($6.19) million during the quarter, compared to analyst estimates of $21.09 million. Analysts forecast that Horizon Technology Finance Corporation will post 0.69 EPS for the current year.

Horizon Technology Finance Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, August 17th. Horizon Technology Finance’s dividend payout ratio is 167.44%.

Hedge Funds Weigh In On Horizon Technology Finance

Large investors have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC boosted its holdings in shares of Horizon Technology Finance by 100.0% in the fourth quarter. N.E.W. Advisory Services LLC now owns 4,000 shares of the investment management company’s stock worth $26,000 after acquiring an additional 2,000 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of Horizon Technology Finance in the second quarter worth $60,000. Nations Financial Group Inc. IA ADV bought a new position in shares of Horizon Technology Finance in the fourth quarter worth $67,000. Sanctuary Advisors LLC purchased a new stake in shares of Horizon Technology Finance in the first quarter worth $50,000. Finally, HRT Financial LP purchased a new stake in shares of Horizon Technology Finance in the fourth quarter worth $77,000. 4.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised Horizon Technology Finance from an “underperform” rating to a “market perform” rating and set a $5.00 price objective for the company in a report on Thursday, March 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Horizon Technology Finance in a report on Friday, May 8th. Zacks Research raised Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Wall Street Zen lowered Horizon Technology Finance from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, B. Riley Financial cut their price target on Horizon Technology Finance from $7.00 to $5.50 and set a “neutral” rating for the company in a report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.65.

About Horizon Technology Finance

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.