Horizon Technology Finance Co. (NASDAQ:HRZN) Director Michael Balkin Buys 20,000 Shares of Stock

Horizon Technology Finance Co. (NASDAQ:HRZN) Director Michael Balkin purchased 20,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were acquired at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $170,600. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Horizon Technology Finance Stock Up 2.6 %

Shares of HRZN stock opened at $8.79 on Wednesday. The company has a market capitalization of $334.56 million, a P/E ratio of -73.25 and a beta of 1.22. Horizon Technology Finance Co. has a 12-month low of $8.46 and a 12-month high of $13.73. The firm has a 50-day moving average price of $9.61 and a 200 day moving average price of $10.83.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, October 29th. The investment management company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $24.56 million during the quarter, compared to analyst estimates of $25.38 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. During the same period in the prior year, the firm posted $0.53 EPS. As a group, research analysts expect that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.

Horizon Technology Finance Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 15.02%. Horizon Technology Finance’s payout ratio is currently -1,100.00%.

Hedge Funds Weigh In On Horizon Technology Finance

A number of hedge funds and other institutional investors have recently bought and sold shares of HRZN. Farther Finance Advisors LLC acquired a new position in shares of Horizon Technology Finance during the 3rd quarter worth about $25,000. Private Trust Co. NA acquired a new position in Horizon Technology Finance during the third quarter valued at approximately $38,000. International Assets Investment Management LLC bought a new stake in Horizon Technology Finance in the second quarter valued at approximately $66,000. Quantbot Technologies LP acquired a new stake in Horizon Technology Finance in the third quarter worth $99,000. Finally, Adell Harriman & Carpenter Inc. bought a new position in shares of Horizon Technology Finance during the third quarter worth $128,000. 4.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.35.

About Horizon Technology Finance

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.