Horizon Technology Finance Corporation (NASDAQ:HRZN – Get Free Report) CEO Michael Balkin acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average cost of $4.34 per share, for a total transaction of $434,000.00. Following the completion of the purchase, the chief executive officer owned 223,527 shares of the company’s stock, valued at $970,107.18. This trade represents a 80.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Horizon Technology Finance Price Performance
Horizon Technology Finance stock opened at $4.36 on Friday. The stock’s 50 day moving average is $4.31 and its 200 day moving average is $5.43. The firm has a market cap of $297.61 million, a P/E ratio of 10.14 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.
Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $21.09 million. Horizon Technology Finance had a return on equity of 13.63% and a net margin of 22.55%. Equities analysts anticipate that Horizon Technology Finance Corporation will post 0.69 earnings per share for the current fiscal year.
Horizon Technology Finance Dividend Announcement
Institutional Trading of Horizon Technology Finance
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HRZN. Green Alpha Advisors LLC lifted its holdings in shares of Horizon Technology Finance by 11.8% in the 4th quarter. Green Alpha Advisors LLC now owns 558,944 shares of the investment management company’s stock worth $3,605,000 after purchasing an additional 58,915 shares in the last quarter. Eagle Point Credit Management LLC bought a new position in shares of Horizon Technology Finance in the 4th quarter worth $2,385,000. Millennium Management LLC bought a new position in shares of Horizon Technology Finance in the 3rd quarter worth $1,099,000. UBS Group AG lifted its holdings in shares of Horizon Technology Finance by 40.3% in the 3rd quarter. UBS Group AG now owns 106,964 shares of the investment management company’s stock worth $652,000 after purchasing an additional 30,716 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Horizon Technology Finance in the 3rd quarter worth $435,000. 4.94% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have issued reports on HRZN shares. Wall Street Zen lowered Horizon Technology Finance from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. UBS Group dropped their price target on Horizon Technology Finance from $4.50 to $4.25 and set a “neutral” rating on the stock in a research note on Monday, May 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Horizon Technology Finance in a research note on Friday, May 8th. B. Riley Financial dropped their price target on Horizon Technology Finance from $7.00 to $5.50 and set a “neutral” rating on the stock in a research note on Friday, March 6th. Finally, Zacks Research raised Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.65.
Read Our Latest Research Report on Horizon Technology Finance
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.
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