Horizon Technology Finance Co. (NASDAQ:HRZN) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,776 shares of the investment management company’s stock after buying an additional 1,113 shares during the period. Commonwealth Equity Services LLC owned approximately 0.07% of Horizon Technology Finance worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new position in Horizon Technology Finance during the 4th quarter valued at about $52,000. Cape Investment Advisory Inc. acquired a new position in shares of Horizon Technology Finance in the fourth quarter valued at about $56,000. International Assets Investment Management LLC acquired a new position in shares of Horizon Technology Finance in the second quarter valued at about $66,000. Capstone Investment Advisors LLC acquired a new position in shares of Horizon Technology Finance in the fourth quarter valued at about $132,000. Finally, Global Assets Advisory LLC acquired a new position in shares of Horizon Technology Finance in the first quarter valued at about $201,000. 4.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HRZN has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price objective on Horizon Technology Finance from $9.50 to $9.00 and set an “underperform” rating on the stock in a report on Thursday, August 1st. B. Riley reissued a “sell” rating and issued a $9.00 price objective (down from $10.00) on shares of Horizon Technology Finance in a report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, Horizon Technology Finance has a consensus rating of “Reduce” and an average target price of $9.70.

Horizon Technology Finance Stock Performance

Shares of Horizon Technology Finance stock opened at $10.66 on Wednesday. The firm has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $11.56. The company has a market cap of $373.32 million, a P/E ratio of -25.38 and a beta of 1.23. Horizon Technology Finance Co. has a fifty-two week low of $10.48 and a fifty-two week high of $13.73.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings data on Tuesday, July 30th. The investment management company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $25.68 million during the quarter, compared to the consensus estimate of $26.74 million. Horizon Technology Finance had a negative net margin of 21.19% and a positive return on equity of 17.39%. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities research analysts forecast that Horizon Technology Finance Co. will post 1.23 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 17th will be given a $0.11 dividend. The ex-dividend date is Thursday, October 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 12.38%. Horizon Technology Finance’s dividend payout ratio (DPR) is currently -314.29%.

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.