Dynamic Technology Lab Private Ltd Acquires Shares of 20,373 Horizon Technology Finance Co. (NASDAQ:HRZN)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,373 shares of the investment management company’s stock, valued at approximately $217,000.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Horizon Technology Finance in the 2nd quarter valued at $66,000. CANADA LIFE ASSURANCE Co increased its holdings in Horizon Technology Finance by 17.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,204 shares of the investment management company’s stock worth $367,000 after buying an additional 4,795 shares during the last quarter. Virtu Financial LLC bought a new stake in Horizon Technology Finance in the first quarter worth about $257,000. Commonwealth Equity Services LLC lifted its stake in Horizon Technology Finance by 4.9% in the second quarter. Commonwealth Equity Services LLC now owns 23,776 shares of the investment management company’s stock valued at $286,000 after purchasing an additional 1,113 shares during the last quarter. Finally, ETF Store Inc. raised its stake in Horizon Technology Finance by 4.4% in the 2nd quarter. ETF Store Inc. now owns 50,942 shares of the investment management company’s stock valued at $613,000 after acquiring an additional 2,136 shares during the period. 4.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Horizon Technology Finance

In related news, President Gerald A. Michaud bought 8,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the transaction, the president now directly owns 169,309 shares in the company, valued at $1,576,266.79. This trade represents a 4.96 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Horizon Technology Finance Price Performance

NASDAQ HRZN opened at $9.34 on Tuesday. The firm has a market cap of $355.48 million, a P/E ratio of -77.67 and a beta of 1.24. The company’s 50 day moving average is $9.94 and its 200-day moving average is $11.02. Horizon Technology Finance Co. has a 12-month low of $9.07 and a 12-month high of $13.73.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $24.56 million during the quarter, compared to the consensus estimate of $25.38 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. During the same period in the previous year, the business earned $0.53 earnings per share. Equities analysts expect that Horizon Technology Finance Co. will post 1.38 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 14.13%. The ex-dividend date of this dividend is Monday, December 16th. Horizon Technology Finance’s dividend payout ratio is presently -1,100.00%.

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.