Thomas Allison Purchases 6,000 Shares of Horizon Technology Finance (NASDAQ:HRZN) Stock

Horizon Technology Finance Corporation (NASDAQ:HRZN) Director Thomas Allison purchased 6,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were acquired at an average price of $4.36 per share, for a total transaction of $26,160.00. Following the transaction, the director directly owned 55,926 shares of the company’s stock, valued at $243,837.36. This represents a 12.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Horizon Technology Finance Trading Up 2.9%

Shares of HRZN stock opened at $4.57 on Friday. The company has a market capitalization of $311.95 million, a P/E ratio of 10.63 and a beta of 1.00. The business’s 50 day moving average is $4.31 and its two-hundred day moving average is $5.43. Horizon Technology Finance Corporation has a 12-month low of $3.80 and a 12-month high of $8.46.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings results on Tuesday, May 5th. The investment management company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of ($6.19) million for the quarter, compared to the consensus estimate of $21.09 million. Horizon Technology Finance had a return on equity of 13.63% and a net margin of 22.55%. On average, research analysts predict that Horizon Technology Finance Corporation will post 0.69 earnings per share for the current fiscal year.

Horizon Technology Finance Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th will be given a $0.03 dividend. The ex-dividend date is Monday, August 17th. Horizon Technology Finance’s dividend payout ratio (DPR) is 167.44%.

Institutional Investors Weigh In On Horizon Technology Finance

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC increased 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 valued at $26,000 after purchasing an additional 2,000 shares during the last quarter. ETF Store Inc. increased its holdings in shares of Horizon Technology Finance by 5.3% in the fourth quarter. ETF Store Inc. now owns 60,873 shares of the investment management company’s stock valued at $393,000 after purchasing an additional 3,055 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Horizon Technology Finance by 20.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 43,268 shares of the investment management company’s stock valued at $312,000 after purchasing an additional 7,197 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Horizon Technology Finance in the second quarter valued at approximately $60,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of Horizon Technology Finance in the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Horizon Technology Finance in a research report on Friday, May 8th. UBS Group decreased their target price on Horizon Technology Finance from $4.50 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, May 18th. Oppenheimer decreased their target price on Horizon Technology Finance from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Zacks Research upgraded Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, B. Riley Financial decreased their target price on Horizon Technology Finance from $7.00 to $5.50 and set a “neutral” rating on the stock in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Horizon Technology Finance presently has a consensus rating of “Hold” and a consensus target price of $5.65.

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.