Horizon Technology Finance Corp (NASDAQ:HRZN) Director Joseph J. Savage purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were purchased at an average cost of $8.91 per share, for a total transaction of $17,820.00. Following the completion of the acquisition, the director now directly owns 28,500 shares of the company’s stock, valued at approximately $253,935. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

HRZN traded up $2.38 during midday trading on Thursday, hitting $9.90. 35,718 shares of the company traded hands, compared to its average volume of 397,034. The company has a market capitalization of $109.30 million, a price-to-earnings ratio of 7.07 and a beta of 0.79. Horizon Technology Finance Corp has a 52-week low of $4.51 and a 52-week high of $13.78. The business has a 50 day simple moving average of $11.42 and a two-hundred day simple moving average of $12.16.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, March 3rd. The investment management company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.10. The business had revenue of $12.98 million for the quarter, compared to the consensus estimate of $10.15 million. Horizon Technology Finance had a net margin of 45.21% and a return on equity of 12.30%. Equities analysts expect that Horizon Technology Finance Corp will post 1.3 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 12.12%. The ex-dividend date is Monday, May 18th. Horizon Technology Finance’s payout ratio is 78.95%.

A number of analysts recently issued reports on the stock. TheStreet downgraded shares of Horizon Technology Finance from a “b-” rating to a “c” rating in a report on Tuesday. Compass Point raised shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $10.50 price target on the stock in a report on Friday, February 28th. Zacks Investment Research raised shares of Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, March 10th. Aegis raised shares of Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $13.20 price target on the stock in a report on Wednesday, March 4th. Finally, Maxim Group reissued a “buy” rating and set a $13.50 price target on shares of Horizon Technology Finance in a report on Thursday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.78.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Horizon Technology Finance by 6.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,161 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 961 shares in the last quarter. Virtus ETF Advisers LLC lifted its holdings in Horizon Technology Finance by 2.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 172,780 shares of the investment management company’s stock valued at $2,234,000 after purchasing an additional 3,767 shares in the last quarter. Raymond James & Associates purchased a new position in Horizon Technology Finance during the fourth quarter valued at $133,000. Great West Life Assurance Co. Can purchased a new position in Horizon Technology Finance during the fourth quarter valued at $57,000. Finally, California Public Employees Retirement System lifted its holdings in Horizon Technology Finance by 8.8% during the fourth quarter. California Public Employees Retirement System now owns 21,000 shares of the investment management company’s stock valued at $272,000 after purchasing an additional 1,700 shares in the last quarter. 10.66% of the stock is currently owned by institutional investors and hedge funds.

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, and cleantech industries.

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