Horizon Technology Finance Corp (HRZN) Director Acquires $22,420.00 in Stock
Horizon Technology Finance Corp (NASDAQ:HRZN) Director Elaine A. Sarsynski bought 2,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were bought at an average price of $11.21 per share, with a total value of $22,420.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $22,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Horizon Technology Finance Corp (NASDAQ:HRZN) traded down 1.08% during trading on Tuesday, reaching $11.04. The company’s stock had a trading volume of 63,950 shares. The company’s 50-day moving average is $11.38 and its 200-day moving average is $11.13. Horizon Technology Finance Corp has a 12 month low of $9.64 and a 12 month high of $13.95.
Horizon Technology Finance Corp (NASDAQ:HRZN) last announced its quarterly earnings data on Tuesday, May 2nd. The investment management company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.02. Horizon Technology Finance Corp had a negative net margin of 4.62% and a positive return on equity of 11.33%. The firm had revenue of $6.96 million during the quarter, compared to analyst estimates of $6.90 million. Equities analysts expect that Horizon Technology Finance Corp will post $1.15 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, July 14th. Shareholders of record on Tuesday, June 20th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 10.87%. Horizon Technology Finance Corp’s dividend payout ratio (DPR) is presently -750.00%.
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Large investors have recently made changes to their positions in the stock. Horizon Investments LLC boosted its stake in shares of Horizon Technology Finance Corp by 1.0% in the fourth quarter. Horizon Investments LLC now owns 10,223 shares of the investment management company’s stock worth $108,000 after buying an additional 103 shares during the period. Founders Financial Securities LLC boosted its stake in shares of Horizon Technology Finance Corp by 25.8% in the first quarter. Founders Financial Securities LLC now owns 12,646 shares of the investment management company’s stock worth $141,000 after buying an additional 2,591 shares during the period. Nwam LLC purchased a new stake in shares of Horizon Technology Finance Corp during the first quarter worth approximately $174,000. Infrastructure Capital Advisors LLC purchased a new stake in shares of Horizon Technology Finance Corp during the first quarter worth approximately $184,000. Finally, Nuveen Fund Advisors LLC boosted its stake in shares of Horizon Technology Finance Corp by 139.5% in the third quarter. Nuveen Fund Advisors LLC now owns 40,716 shares of the investment management company’s stock worth $552,000 after buying an additional 23,718 shares during the period. 17.27% of the stock is owned by hedge funds and other institutional investors.
HRZN has been the subject of several research analyst reports. Zacks Investment Research upgraded Horizon Technology Finance Corp from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, February 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.00 price objective on shares of Horizon Technology Finance Corp in a research report on Friday, April 28th. Finally, National Securities reiterated a “neutral” rating and issued a $11.00 price objective on shares of Horizon Technology Finance Corp in a research report on Monday, March 13th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.57.
Horizon Technology Finance Corp Company Profile
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.
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