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

Horizon Technology Finance Corporation (NASDAQ:HRZN) CIO Paul Seitz bought 11,477 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average price of $4.35 per share, with a total value of $49,924.95. Following the completion of the purchase, the executive directly owned 12,242 shares of the company’s stock, valued at approximately $53,252.70. The trade was a 1,500.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Horizon Technology Finance Price Performance

Shares of NASDAQ:HRZN opened at $4.44 on Thursday. The firm has a market capitalization of $303.07 million, a PE ratio of 10.33 and a beta of 1.00. The business has a 50-day moving average of $4.30 and a two-hundred day moving average of $5.45. Horizon Technology Finance Corporation has a 12 month low of $3.80 and a 12 month high of $8.46.

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

Horizon Technology Finance Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be issued a dividend of $0.03 per share. The ex-dividend date is Monday, August 17th. Horizon Technology Finance’s payout ratio is presently 167.44%.

Wall Street Analyst Weigh In

Several brokerages recently commented on HRZN. Keefe, Bruyette & Woods upgraded Horizon Technology Finance from an “underperform” rating to a “market perform” rating and set a $5.00 target price on the stock in a report on Thursday, March 5th. B. Riley Financial dropped their target price on Horizon Technology Finance from $7.00 to $5.50 and set a “neutral” rating on the stock in a report on Friday, March 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Horizon Technology Finance in a research note on Friday, May 8th. Zacks Research upgraded Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, Oppenheimer lowered their price objective on Horizon Technology Finance from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.65.

Institutional Investors Weigh In On Horizon Technology Finance

A number of hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in Horizon Technology Finance during the 1st quarter valued at approximately $50,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Horizon Technology Finance during the 1st quarter valued at approximately $52,000. Quadrature Capital Ltd acquired a new stake in Horizon Technology Finance during the 4th quarter valued at approximately $365,000. Schonfeld Strategic Advisors LLC acquired a new stake in Horizon Technology Finance during the 4th quarter valued at approximately $187,000. Finally, Regal Investment Advisors LLC acquired a new position in shares of Horizon Technology Finance in the 4th quarter worth approximately $316,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Horizon Technology Finance Company Profile

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.