Horizon Investments LLC cut its holdings in Horizon Technology Finance Corporation (NASDAQ:HRZN) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,510 shares of the investment management company’s stock after selling 377 shares during the quarter. Horizon Investments LLC’s holdings in Horizon Technology Finance Corporation were worth $143,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Investment Centers of America Inc. purchased a new stake in Horizon Technology Finance Corporation in the second quarter worth about $136,000. Wells Fargo & Company MN lifted its stake in Horizon Technology Finance Corporation by 2.2% in the first quarter. Wells Fargo & Company MN now owns 65,616 shares of the investment management company’s stock worth $730,000 after acquiring an additional 1,414 shares during the period. West Family Investments Inc. lifted its stake in Horizon Technology Finance Corporation by 49.0% in the second quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock worth $1,866,000 after acquiring an additional 52,156 shares during the period. Finally, UBS Group AG lifted its stake in Horizon Technology Finance Corporation by 18.5% in the first quarter. UBS Group AG now owns 370,154 shares of the investment management company’s stock worth $4,120,000 after acquiring an additional 57,715 shares during the period. 18.15% of the stock is owned by institutional investors.

HRZN has been the subject of a number of research reports. Maxim Group raised shares of Horizon Technology Finance Corporation from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, August 23rd. ValuEngine lowered shares of Horizon Technology Finance Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods set a $11.00 price objective on shares of Horizon Technology Finance Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Compass Point raised shares of Horizon Technology Finance Corporation from a “sell” rating to a “neutral” rating and set a $10.00 price objective for the company in a research note on Monday, August 21st. Finally, National Securities reaffirmed a “neutral” rating and issued a $10.00 price objective (down from $11.00) on shares of Horizon Technology Finance Corporation in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Horizon Technology Finance Corporation currently has a consensus rating of “Hold” and a consensus price target of $11.20.

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Horizon Technology Finance Corporation (HRZN) traded up 0.55% during mid-day trading on Friday, hitting $11.01. 35,819 shares of the company’s stock traded hands. Horizon Technology Finance Corporation has a one year low of $9.64 and a one year high of $13.79. The firm’s 50-day moving average price is $10.58 and its 200-day moving average price is $11.06.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last announced its quarterly earnings data on Tuesday, August 1st. The investment management company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.03). Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%. The company had revenue of $5.88 million for the quarter, compared to analyst estimates of $6.71 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The business’s quarterly revenue was down 35.3% compared to the same quarter last year. On average, equities analysts forecast that Horizon Technology Finance Corporation will post $1.09 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.90%. The ex-dividend date is Wednesday, October 18th. Horizon Technology Finance Corporation’s dividend payout ratio is presently -749.95%.

About Horizon Technology Finance Corporation

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

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Institutional Ownership by Quarter for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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