Horizon Technology Finance Co. (NASDAQ:HRZN) Shares Sold by ETF Store Inc.

ETF Store Inc. lessened its stake in Horizon Technology Finance Co. (NASDAQ:HRZN) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,471 shares of the investment management company’s stock after selling 5,342 shares during the period. ETF Store Inc.’s holdings in Horizon Technology Finance were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HRZN. Farther Finance Advisors LLC acquired a new position in Horizon Technology Finance in the third quarter valued at $25,000. Private Trust Co. NA acquired a new position in Horizon Technology Finance in the third quarter valued at $38,000. Crew Capital Management Ltd. acquired a new position in Horizon Technology Finance in the fourth quarter valued at $99,000. Quantbot Technologies LP acquired a new position in Horizon Technology Finance in the third quarter valued at $99,000. Finally, Mutual Advisors LLC acquired a new position in Horizon Technology Finance in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Horizon Technology Finance Stock Performance

Shares of HRZN opened at $9.08 on Friday. Horizon Technology Finance Co. has a fifty-two week low of $8.46 and a fifty-two week high of $12.63. The company has a market capitalization of $366.06 million, a price-to-earnings ratio of -75.67 and a beta of 1.18. The firm has a 50-day simple moving average of $9.41 and a 200-day simple moving average of $9.76.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The firm had revenue of $23.55 million during the quarter, compared to analyst estimates of $25.69 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. Equities research analysts forecast that Horizon Technology Finance Co. will post 1.38 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 17th will be given a $0.11 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.32 dividend on an annualized basis and a yield of 14.54%. Horizon Technology Finance’s payout ratio is currently -1,100.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HRZN shares. StockNews.com downgraded shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods decreased their target price on shares of Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Friday, March 7th. Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price for the company in a research note on Tuesday, December 17th. Finally, Maxim Group decreased their target price on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Horizon Technology Finance presently has a consensus rating of “Hold” and an average price target of $9.75.

Insider Activity at Horizon Technology Finance

In other news, Director Michael Balkin acquired 20,000 shares of Horizon Technology Finance stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $170,600. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.34% of the stock is owned by insiders.

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.