Paul Seitz Buys 11,477 Shares of Horizon Technology Finance (NASDAQ:HRZN) Stock

Horizon Technology Finance Corporation (NASDAQ:HRZN) CIO Paul Seitz acquired 11,477 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were purchased at an average price of $4.35 per share, with a total value of $49,924.95. Following the transaction, the executive owned 12,242 shares in the company, valued at $53,252.70. The trade was a 1,500.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Horizon Technology Finance Stock Performance

Shares of Horizon Technology Finance stock opened at $4.57 on Friday. The company has a market cap of $311.95 million, a P/E ratio of 10.63 and a beta of 1.00. Horizon Technology Finance Corporation has a one year low of $3.80 and a one year high of $8.46. The firm has a fifty day moving average of $4.31 and a two-hundred day moving average of $5.43.

Horizon Technology Finance (NASDAQ:HRZN) last announced 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. The company had revenue of ($6.19) million during the quarter, compared to the consensus estimate of $21.09 million. Horizon Technology Finance had a net margin of 22.55% and a return on equity of 13.63%. As a group, equities analysts predict 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 disclosed a special dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 17th will be given a dividend of $0.03 per share. The ex-dividend date is Monday, August 17th. Horizon Technology Finance’s dividend payout ratio is presently 167.44%.

Analysts Set New Price Targets

A number of equities analysts have commented on HRZN shares. Weiss Ratings restated a “sell (d+)” rating on shares of Horizon Technology Finance in a research report on Friday, May 8th. Zacks Research upgraded shares of Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Oppenheimer cut their price target on shares of 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. UBS Group cut their price target on shares of Horizon Technology Finance from $4.50 to $4.25 and set a “neutral” rating for the company in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods upgraded shares of Horizon Technology Finance from an “underperform” rating to a “market perform” rating and set a $5.00 price target for the company in a report on Thursday, March 5th. 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.65.

Hedge Funds Weigh In On Horizon Technology Finance

A number of large 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 4th 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 in the last quarter. ETF Store Inc. increased its holdings in shares of Horizon Technology Finance by 5.3% in the 4th 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 in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Horizon Technology Finance by 20.0% in the 2nd 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 in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Horizon Technology Finance in the 2nd quarter valued at about $60,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in Horizon Technology Finance in the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 4.94% of the company’s stock.

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.