Quantbot Technologies LP Buys 3,996 Shares of Horizon Technology Finance Co. (NASDAQ:HRZN)

Quantbot Technologies LP lifted its stake in Horizon Technology Finance Co. (NASDAQ:HRZN) by 43.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,290 shares of the investment management company’s stock after acquiring an additional 3,996 shares during the period. Quantbot Technologies LP’s holdings in Horizon Technology Finance were worth $119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Green Alpha Advisors LLC grew its holdings in Horizon Technology Finance by 28.1% during the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock valued at $2,611,000 after purchasing an additional 63,709 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Horizon Technology Finance during the 4th quarter worth $788,000. First Financial Bank Trust Division grew its stake in Horizon Technology Finance by 5.0% in the 4th quarter. First Financial Bank Trust Division now owns 45,725 shares of the investment management company’s stock valued at $411,000 after buying an additional 2,173 shares during the last quarter. Magnetar Financial LLC bought a new position in Horizon Technology Finance in the 4th quarter worth $406,000. Finally, Paloma Partners Management Co acquired a new position in Horizon Technology Finance during the 3rd quarter worth $348,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

Horizon Technology Finance Price Performance

Shares of HRZN opened at $9.42 on Tuesday. The stock’s 50-day moving average price is $9.43 and its 200 day moving average price is $9.59. The firm has a market capitalization of $379.77 million, a price-to-earnings ratio of -78.50 and a beta of 1.18. Horizon Technology Finance Co. has a 12-month low of $8.46 and a 12-month high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The firm had revenue of $23.55 million for the quarter, compared to the consensus estimate of $25.69 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. Equities research analysts expect that Horizon Technology Finance Co. will post 1.38 EPS for the current year.

Horizon Technology Finance Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 16th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.01%. The ex-dividend date of this dividend is Wednesday, April 16th. Horizon Technology Finance’s dividend payout ratio is -1,100.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com downgraded Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Maxim Group lowered their target price on Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Compass Point upgraded Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target for the company in a report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.56.

Horizon Technology Finance Company 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.