Y Intercept Hong Kong Ltd Makes New Investment in Horizon Technology Finance Corporation $HRZN

Y Intercept Hong Kong Ltd acquired a new stake in shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,731 shares of the investment management company’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HRZN. ETF Store Inc. increased its stake in Horizon Technology Finance by 16.6% in the first quarter. ETF Store Inc. now owns 55,348 shares of the investment management company’s stock valued at $521,000 after acquiring an additional 7,877 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Horizon Technology Finance by 20.2% in the 1st quarter. Cetera Investment Advisers now owns 63,008 shares of the investment management company’s stock worth $594,000 after purchasing an additional 10,603 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Horizon Technology Finance during the 1st quarter valued at about $36,000. International Assets Investment Management LLC purchased a new position in shares of Horizon Technology Finance during the 2nd quarter valued at about $411,000. Finally, Green Alpha Advisors LLC raised its holdings in shares of Horizon Technology Finance by 8.1% during the 2nd quarter. Green Alpha Advisors LLC now owns 387,726 shares of the investment management company’s stock valued at $2,792,000 after buying an additional 28,984 shares in the last quarter. 4.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group cut their target price on Horizon Technology Finance from $7.00 to $6.25 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Wall Street Zen raised shares of Horizon Technology Finance from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Horizon Technology Finance in a report on Wednesday, October 8th. Finally, Maxim Group lowered their price target on shares of Horizon Technology Finance from $10.00 to $7.50 and set a “buy” rating for the company in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Horizon Technology Finance currently has an average rating of “Reduce” and a consensus target price of $6.95.

Horizon Technology Finance Stock Performance

Shares of Horizon Technology Finance stock opened at $6.67 on Monday. Horizon Technology Finance Corporation has a 52-week low of $5.70 and a 52-week high of $9.99. The company’s 50 day moving average price is $6.38 and its 200-day moving average price is $7.15. The stock has a market capitalization of $296.03 million, a price-to-earnings ratio of -9.96 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, October 28th. The investment management company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. The business had revenue of $26.32 million during the quarter, compared to analysts’ expectations of $22.99 million. Horizon Technology Finance had a negative net margin of 24.19% and a positive return on equity of 15.01%. As a group, equities research analysts forecast that Horizon Technology Finance Corporation will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Tuesday, February 17th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 19.8%. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -197.01%.

Horizon Technology Finance Profile

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.