TrueMark Investments LLC Purchases New Stake in Horizon Technology Finance Co. (NASDAQ:HRZN)

TrueMark Investments LLC acquired a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 209,378 shares of the investment management company’s stock, valued at approximately $1,882,000. TrueMark Investments LLC owned approximately 0.53% of Horizon Technology Finance at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HRZN. Private Trust Co. NA acquired a new position in Horizon Technology Finance in the third quarter worth about $38,000. Crew Capital Management Ltd. bought a new position in Horizon Technology Finance during the 4th quarter worth approximately $99,000. Quantbot Technologies LP acquired a new position in shares of Horizon Technology Finance in the 3rd quarter worth approximately $99,000. Mutual Advisors LLC bought a new stake in shares of Horizon Technology Finance in the 4th quarter valued at approximately $106,000. Finally, JPMorgan Chase & Co. bought a new position in Horizon Technology Finance during the third quarter worth $117,000. Institutional investors own 4.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on HRZN shares. 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. Maxim Group dropped their price objective on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Keefe, Bruyette & Woods decreased their target price on 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. Finally, StockNews.com cut Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.56.

Horizon Technology Finance Trading Up 1.5 %

NASDAQ HRZN opened at $9.28 on Wednesday. The company has a 50-day moving average price of $9.42 and a two-hundred day moving average price of $9.64. The stock has a market cap of $374.12 million, a price-to-earnings ratio of -77.33 and a beta of 1.18. Horizon Technology Finance Co. has a 52 week low of $8.46 and a 52 week high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The business had revenue of $23.55 million during the quarter, compared to analyst estimates of $25.69 million. As a group, equities research analysts expect that Horizon Technology Finance Co. will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 16th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 14.22%. The ex-dividend date of this dividend is Wednesday, April 16th. Horizon Technology Finance’s payout ratio is currently -1,100.00%.

Horizon Technology Finance Company 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.