Royal Bank of Canada lifted its stake in Horizon Technology Finance Corporation (NASDAQ:HRZN) by 25.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,752 shares of the investment management company’s stock after acquiring an additional 4,252 shares during the period. Royal Bank of Canada’s holdings in Horizon Technology Finance Corporation were worth $235,000 at the end of the most recent reporting period.

Separately, West Family Investments Inc. raised its stake in shares of Horizon Technology Finance Corporation by 49.0% in the 2nd quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock valued at $1,866,000 after acquiring an additional 52,156 shares in the last quarter. Institutional investors and hedge funds own 17.49% of the company’s stock.

A number of research analysts recently weighed in on HRZN shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 price objective on shares of Horizon Technology Finance Corporation in a research note on Tuesday, July 25th. Maxim Group reissued a “hold” rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. UBS AG downgraded Horizon Technology Finance Corporation from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 3rd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Horizon Technology Finance Corporation in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Horizon Technology Finance Corporation currently has an average rating of “Hold” and a consensus target price of $10.75.

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Horizon Technology Finance Corporation (NASDAQ HRZN) opened at $11.10 on Wednesday. The company has a market capitalization of $128.89, a P/E ratio of 9.40 and a beta of 0.85. Horizon Technology Finance Corporation has a 1 year low of $9.66 and a 1 year high of $11.75.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last announced its quarterly earnings data on Tuesday, October 31st. The investment management company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Horizon Technology Finance Corporation had a return on equity of 9.96% and a net margin of 24.46%. The company had revenue of $6.77 million for the quarter, compared to analyst estimates of $6.39 million. equities analysts predict that Horizon Technology Finance Corporation will post 1.12 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, January 22nd will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.81%. The ex-dividend date is Friday, January 19th. Horizon Technology Finance Corporation’s payout ratio is presently 210.53%.

About Horizon Technology Finance Corporation

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

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Institutional Ownership by Quarter for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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