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

Horizon Technology Finance Corporation (NASDAQ:HRZN) Director Thomas Allison acquired 6,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average cost of $4.36 per share, with a total value of $26,160.00. Following the completion of the acquisition, the director directly owned 55,926 shares in the company, valued at approximately $243,837.36. This represents a 12.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Horizon Technology Finance Stock Performance

Shares of HRZN opened at $4.44 on Thursday. The stock has a 50 day moving average price of $4.30 and a two-hundred day moving average price of $5.45. The firm has a market capitalization of $303.07 million, a P/E ratio of 10.33 and a beta of 1.00. Horizon Technology Finance Corporation has a 52 week low of $3.80 and a 52 week high of $8.46.

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

Horizon Technology Finance Dividend Announcement

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 paid a $0.03 dividend. The ex-dividend date is Monday, August 17th. Horizon Technology Finance’s dividend payout ratio is presently 167.44%.

Hedge Funds Weigh In On Horizon Technology Finance

Institutional investors have recently added to or reduced their stakes in the stock. Oxford Asset Management LLP bought a new position in Horizon Technology Finance during the second quarter valued at $285,000. CANADA LIFE ASSURANCE Co grew its holdings in Horizon Technology Finance by 20.0% during 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 period. UBS Group AG grew its holdings in Horizon Technology Finance by 40.3% during the third quarter. UBS Group AG now owns 106,964 shares of the investment management company’s stock valued at $652,000 after purchasing an additional 30,716 shares during the period. Magnetar Financial LLC bought a new position in Horizon Technology Finance during the third quarter valued at $435,000. Finally, Quadrature Capital Ltd bought a new position in Horizon Technology Finance during the fourth quarter valued at $365,000. Institutional investors own 4.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HRZN shares. Wall Street Zen lowered shares of Horizon Technology Finance from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research raised Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods raised Horizon Technology Finance from an “underperform” rating to a “market perform” rating and set a $5.00 target price for the company in a report on Thursday, March 5th. Oppenheimer reduced their target price on Horizon Technology Finance from $7.00 to $6.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. Finally, B. Riley Financial reduced their target price 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.