Shares of Horizon Technology Finance Co. (NASDAQ:HRZN) bought by Commonwealth Equity Services LLC

VaselineSeptember 25, 2024

0 3 minutes read

Commonwealth Equity Services LLC increased its holdings in shares of Horizon Technology Finance Co. (NASDAQ:HRZN – Free Report) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,776 shares of the investment management company’s stock after buying an additional 1,113 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Horizon Technology Finance worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC purchased a new position in Horizon Technology Finance during the 4th quarter valued at approximately $52,000. Cape Investment Advisory Inc. purchased a new position in shares of Horizon Technology Finance in the fourth quarter valued at approximately $56,000. International Assets Investment Management LLC purchased a new position in shares of Horizon Technology Finance in the second quarter valued at approximately $66,000. Capstone Investment Advisors LLC purchased a new position in shares of Horizon Technology Finance in the fourth quarter valued at approximately $132,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Horizon Technology Finance in the first quarter valued at about $201,000. 4.94% of shares are owned by institutional investors and hedge funds.

Analysts set new price targets

HRZN has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price objective on Horizon Technology Finance from $9.50 to $9.00 and set an “underperform” rating on the stock in a report on Thursday, August 1st. B. Riley reissued a “sell” rating and issued a $9.00 price objective (down from $10.00) on shares of Horizon Technology Finance in a report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Horizon Technology Finance has a consensus rating of “Reduce” and an average price target of $9.70, according to MarketBeat.com.

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Horizon Technology Finance Stock Performance

Shares of Horizon Technology Finance stock opened at $10.66 on Wednesday. The firm has a 50 day simple moving average of $11.31 and a two hundred day simple moving average of $11.56. The company has a market cap of $373.32 million, a P/E ratio of -25.38 and a beta of 1.23. Horizon Technology Finance Co. it has a fifty-two week low of $10.48 and a fifty-two week high of $13.73.

Horizon Technology Finance (NASDAQ:HRZN – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The investment management company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $25.68 million during the quarter, compared to the consensus estimate of $26.74 million. Horizon Technology Finance had a negative net margin of 21.19% and a positive return on equity of 17.39%. In the same quarter last year, the company posted earnings of $0.54 per share. Equities research analysts forecast that Horizon Technology Finance Co. will post 1.23 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 17th will be given a $0.11 dividend. The ex-dividend date is Thursday, October 17. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 12.38%. Horizon Technology Finance’s dividend payout ratio (DPR) is currently -314.29%.

Horizon Technology Funding Profile

(Free Report)

Horizon Technology Finance Corporation is a business development company specializing in loans and investments in early stage investments. It focuses on making secured debt and venture loan investments to venture capital-backed companies in the technology, life sciences, healthcare information and services, cleantech and sustainability industries.