Jonathan Joseph Goodman Buys 6,000 Shares of Horizon Technology Finance (NASDAQ:HRZN) Stock

Horizon Technology Finance Corporation (NASDAQ:HRZN) Director Jonathan Joseph Goodman purchased 6,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were acquired at an average cost of $4.33 per share, with a total value of $25,980.00. Following the completion of the acquisition, the director directly owned 8,312 shares in the company, valued at $35,990.96. The trade was a 259.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Horizon Technology Finance Price Performance

Shares of NASDAQ HRZN opened at $4.57 on Friday. The company has a market capitalization of $311.95 million, a price-to-earnings ratio of 10.63 and a beta of 1.00. The business has a 50-day moving average of $4.31 and a two-hundred day moving average of $5.43. Horizon Technology Finance Corporation has a 1 year low of $3.80 and a 1 year 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of ($6.19) million during the quarter, compared to the consensus estimate 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, equities research analysts expect that Horizon Technology Finance Corporation will post 0.69 earnings per share for the current year.

Horizon Technology Finance Announces Dividend

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

Institutional Trading of Horizon Technology Finance

Several institutional investors and hedge funds have recently made changes to their positions in HRZN. Eagle Point Credit Management LLC purchased a new stake in shares of Horizon Technology Finance in the 4th quarter valued at about $2,385,000. Millennium Management LLC purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at about $1,099,000. Magnetar Financial LLC purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at about $435,000. Aquatic Capital Management LLC purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at about $395,000. Finally, Green Alpha Advisors LLC lifted its holdings in shares of Horizon Technology Finance by 11.8% in the 4th quarter. Green Alpha Advisors LLC now owns 558,944 shares of the investment management company’s stock valued at $3,605,000 after purchasing an additional 58,915 shares during the last quarter. 4.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen downgraded Horizon Technology Finance from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research raised Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Horizon Technology Finance in a report on Friday, May 8th. Keefe, Bruyette & Woods raised Horizon Technology Finance from an “underperform” rating to a “market perform” rating and set a $5.00 price target for the company in a report on Thursday, March 5th. Finally, Oppenheimer reduced their target price on Horizon Technology Finance from $7.00 to $6.00 and set a “market perform” rating for the company in a report 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.65.

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.