Investment Centers of America Inc. acquired a new position in shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,959 shares of the investment management company’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HRZN. UBS Group AG boosted its stake in Horizon Technology Finance Corporation by 18.5% during the first quarter. UBS Group AG now owns 370,154 shares of the investment management company’s stock worth $4,120,000 after buying an additional 57,715 shares during the period. West Family Investments Inc. boosted its stake in Horizon Technology Finance Corporation by 49.0% during the second quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock worth $1,866,000 after buying an additional 52,156 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Horizon Technology Finance Corporation by 2.2% during the first quarter. Wells Fargo & Company MN now owns 65,616 shares of the investment management company’s stock worth $730,000 after buying an additional 1,414 shares during the period. 18.15% of the stock is owned by institutional investors.

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Several research firms have commented on HRZN. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $11.00 price objective on shares of Horizon Technology Finance Corporation in a research note on Tuesday, July 25th. UBS AG lowered shares of Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 3rd. Zacks Investment Research lowered shares of Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Compass Point raised shares of Horizon Technology Finance Corporation from a “sell” rating to a “neutral” rating and set a $10.00 price objective for the company in a research note on Monday, August 21st. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Horizon Technology Finance Corporation in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $11.20.

Shares of Horizon Technology Finance Corporation (NASDAQ HRZN) opened at 10.92 on Thursday. Horizon Technology Finance Corporation has a 52 week low of $9.64 and a 52 week high of $13.79. The stock’s 50 day moving average is $10.58 and its 200-day moving average is $11.06.

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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.99%. The ex-dividend date is Wednesday, October 18th. Horizon Technology Finance Corporation’s dividend payout ratio is presently -749.95%.

About Horizon Technology Finance Corporation

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.

Institutional Ownership by Quarter for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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