Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) President Gerald A. Michaud purchased 8,000 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was purchased at an average cost of $9.31 per share, with a total value of $74,480.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Horizon Technology Finance Stock Performance
HRZN stock opened at $9.34 on Tuesday. Horizon Technology Finance Co. has a 1-year low of $9.07 and a 1-year high of $13.73. The firm has a market cap of $355.48 million, a PE ratio of -77.83 and a beta of 1.24. The business's 50-day moving average price is $9.94 and its two-hundred day moving average price is $11.02.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released 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). Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. The business had revenue of $24.56 million for the quarter, compared to analyst estimates of $25.38 million. During the same period in the prior year, the business earned $0.53 EPS. On average, analysts forecast that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.
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The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 14.13%. The ex-dividend date of this dividend is Monday, December 16th. Horizon Technology Finance's dividend payout ratio (DPR) is presently -1,100.00%.
Institutional Investors Weigh In On Horizon Technology Finance
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in Horizon Technology Finance in the 2nd quarter worth $66,000. CANADA LIFE ASSURANCE Co boosted its position in shares of 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 period. Virtu Financial LLC bought a new position in shares of Horizon Technology Finance during the first quarter worth about $257,000. Commonwealth Equity Services LLC lifted its stake in Horizon Technology Finance by 4.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,776 shares of the investment management company's stock valued at $286,000 after acquiring an additional 1,113 shares in the last quarter. Finally, ETF Store Inc. boosted its position in Horizon Technology Finance by 4.4% during the 2nd quarter. ETF Store Inc. now owns 50,942 shares of the investment management company's stock worth $613,000 after acquiring an additional 2,136 shares during the last quarter. 4.94% of the stock is currently owned by institutional investors and hedge funds.
Horizon Technology Finance Company Profile
(
Get Free Report)
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.
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