Parisi Gray Wealth Management Has $132,000 Stake in Horizon Technology Finance Co. (NASDAQ:HRZN)

Parisi Gray Wealth Management trimmed its position in Horizon Technology Finance Co. (NASDAQ:HRZN) by 54.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the investment management company’s stock after selling 12,000 shares during the quarter. Parisi Gray Wealth Management’s holdings in Horizon Technology Finance were worth $132,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its stake in shares of Horizon Technology Finance by 5.2% during the first quarter. Advisors Asset Management Inc. now owns 287,234 shares of the investment management company’s stock valued at $3,240,000 after acquiring an additional 14,170 shares during the period. Millennium Management LLC raised its position in shares of Horizon Technology Finance by 73.4% during the fourth quarter. Millennium Management LLC now owns 270,284 shares of the investment management company’s stock worth $3,135,000 after purchasing an additional 114,377 shares during the period. Green Alpha Advisors LLC grew its holdings in shares of Horizon Technology Finance by 2.1% during the third quarter. Green Alpha Advisors LLC now owns 255,273 shares of the investment management company’s stock worth $3,033,000 after buying an additional 5,157 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Horizon Technology Finance by 1.7% during the first quarter. Eqis Capital Management Inc. now owns 192,095 shares of the investment management company’s stock worth $2,670,000 after buying an additional 3,203 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Horizon Technology Finance by 25.8% in the third quarter. Marshall Wace LLP now owns 133,634 shares of the investment management company’s stock valued at $1,338,000 after purchasing an additional 27,432 shares in the last quarter. 4.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group dropped their price target on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company in a report on Monday, March 18th. LADENBURG THALM/SH SH reiterated a “neutral” rating on shares of Horizon Technology Finance in a report on Wednesday, February 28th. B. Riley lowered Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a report on Monday, January 8th. Finally, Oppenheimer decreased their price target on Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, March 1st. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.80.

Horizon Technology Finance Trading Up 0.7 %

HRZN stock traded up $0.08 during midday trading on Thursday, hitting $11.32. The company’s stock had a trading volume of 91,883 shares, compared to its average volume of 281,950. The company has a market cap of $378.09 million, a PE ratio of -23.20 and a beta of 1.21. Horizon Technology Finance Co. has a 12 month low of $10.75 and a 12 month high of $13.73. The firm’s 50-day moving average is $12.49 and its 200-day moving average is $12.39.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, February 27th. The investment management company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). Horizon Technology Finance had a positive return on equity of 18.24% and a negative net margin of 15.14%. The company had revenue of $28.18 million during the quarter, compared to analysts’ expectations of $29.21 million. Analysts expect that Horizon Technology Finance Co. will post 1.53 earnings per share for the current year.

Horizon Technology Finance Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Tuesday, March 19th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, March 18th. This is a positive change from Horizon Technology Finance’s previous dividend of $0.11. This represents a dividend yield of 16.48%. Horizon Technology Finance’s dividend payout ratio (DPR) is -269.38%.

Insider Transactions at Horizon Technology Finance

In other Horizon Technology Finance news, President Gerald A. Michaud acquired 3,650 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of $11.77 per share, with a total value of $42,960.50. Following the completion of the acquisition, the president now directly owns 156,244 shares in the company, valued at approximately $1,838,991.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Horizon Technology Finance 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.