Horizon Technology Finance Co. (NASDAQ:HRZN) Sees Significant Increase in Short Interest

Horizon Technology Finance Co. (NASDAQ:HRZN) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 984,600 shares, a growth of 15.5% from the October 31st total of 852,400 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average trading volume of 411,900 shares, the short-interest ratio is currently 2.4 days.

Insider Activity at Horizon Technology Finance

In other Horizon Technology Finance news, President Gerald A. Michaud purchased 8,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $9.31 per share, for a total transaction of $74,480.00. Following the acquisition, the president now owns 169,309 shares of the company’s stock, valued at approximately $1,576,266.79. This represents a 4.96 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Horizon Technology Finance

A number of institutional investors have recently modified their holdings of HRZN. International Assets Investment Management LLC raised its position in shares of Horizon Technology Finance by 810.1% during the third quarter. International Assets Investment Management LLC now owns 50,055 shares of the investment management company’s stock worth $5,330,000 after purchasing an additional 44,555 shares during the period. Paloma Partners Management Co purchased a new stake in Horizon Technology Finance in the 3rd quarter valued at $348,000. Virtu Financial LLC purchased a new stake in Horizon Technology Finance in the 1st quarter valued at $257,000. Dynamic Technology Lab Private Ltd purchased a new stake in Horizon Technology Finance in the 3rd quarter valued at $217,000. Finally, Adell Harriman & Carpenter Inc. purchased a new stake in Horizon Technology Finance in the 3rd quarter valued at $128,000. 4.94% of the stock is owned by institutional investors and hedge funds.

Horizon Technology Finance Price Performance

Shares of Horizon Technology Finance stock remained flat at $9.34 on Monday. The company’s stock had a trading volume of 527,047 shares, compared to its average volume of 304,425. The firm has a market cap of $355.48 million, a P/E ratio of -77.67 and a beta of 1.24. Horizon Technology Finance has a 52-week low of $9.07 and a 52-week high of $13.73. The business has a 50 day moving average price of $9.94 and a 200-day moving average price of $11.02.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $24.56 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.53 earnings per share. Sell-side analysts forecast that Horizon Technology Finance will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.13%. The ex-dividend date of this dividend is Monday, December 16th. Horizon Technology Finance’s payout ratio is -1,100.00%.

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.