Paul Seitz Buys 11,477 Shares of Horizon Technology Finance (NASDAQ:HRZN) Stock

Horizon Technology Finance Corporation (NASDAQ:HRZN) CIO Paul Seitz purchased 11,477 shares of Horizon Technology Finance stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average price of $4.35 per share, for a total transaction of $49,924.95. Following the transaction, the executive owned 12,242 shares in the company, valued at $53,252.70. This represents a 1,500.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Horizon Technology Finance Trading Up 2.8%

Shares of HRZN stock traded up $0.12 on Wednesday, reaching $4.43. The company had a trading volume of 667,360 shares, compared to its average volume of 1,015,078. The company has a 50-day moving average of $4.30 and a 200-day moving average of $5.46. Horizon Technology Finance Corporation has a 12 month low of $3.80 and a 12 month high of $8.46. The stock has a market cap of $302.39 million, a PE ratio of 10.30 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, May 5th. The investment management company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Horizon Technology Finance had a return on equity of 13.63% and a net margin of 22.55%.The firm had revenue of ($6.19) million during the quarter, compared to the consensus estimate of $21.09 million. Sell-side analysts anticipate that Horizon Technology Finance Corporation will post 0.69 earnings per share for the current year.

Horizon Technology Finance Dividend Announcement

The company also recently declared a special dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, August 17th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently 167.44%.

Institutional Trading of Horizon Technology Finance

Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP boosted its stake in Horizon Technology Finance by 300.7% in the second quarter. Quantbot Technologies LP now owns 17,332 shares of the investment management company’s stock valued at $125,000 after acquiring an additional 13,007 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in Horizon Technology Finance during the second quarter worth about $122,000. Virtu Financial LLC purchased a new position in Horizon Technology Finance during the third quarter worth about $119,000. Marshall Wace LLP purchased a new position in Horizon Technology Finance in the second quarter valued at about $103,000. Finally, HRT Financial LP purchased a new position in Horizon Technology Finance in the fourth quarter valued at about $77,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group decreased their price objective on Horizon Technology Finance from $4.50 to $4.25 and set a “neutral” rating for the company in a report on Monday, May 18th. Keefe, Bruyette & Woods upgraded Horizon Technology Finance from an “underperform” rating to a “market perform” rating and set a $5.00 price objective on the stock in a research note on Thursday, March 5th. Zacks Research upgraded Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. B. Riley Financial dropped their target price on Horizon Technology Finance from $7.00 to $5.50 and set a “neutral” rating for the company in a report on Friday, March 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Horizon Technology Finance in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Horizon Technology Finance has an average rating of “Hold” and a consensus target price of $5.65.

About Horizon Technology Finance

Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.

Horizon Technology Finance’s investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.