Insider Buying: Horizon Technology Finance (NASDAQ:HRZN) Director Buys $26,160.00 in Stock

Horizon Technology Finance Corporation (NASDAQ:HRZN) Director Thomas Allison purchased 6,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of $4.36 per share, with a total value of $26,160.00. Following the completion of the acquisition, the director owned 55,926 shares of the company’s stock, valued at approximately $243,837.36. This represents a 12.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Horizon Technology Finance Price Performance

Shares of NASDAQ HRZN opened at $4.36 on Friday. The company has a market cap of $297.61 million, a PE ratio of 10.14 and a beta of 1.00. Horizon Technology Finance Corporation has a 12 month low of $3.80 and a 12 month high of $8.46. The company has a 50-day simple moving average of $4.31 and a 200-day simple moving average of $5.43.

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

Analysts Set New Price Targets

HRZN has been the topic of a number of recent research reports. Zacks Research raised shares of Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Oppenheimer reduced their target price on shares of Horizon Technology Finance from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. B. Riley Financial reduced their target price on shares of Horizon Technology Finance from $7.00 to $5.50 and set a “neutral” rating on the stock in a research report on Friday, March 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Horizon Technology Finance in a research report on Friday, May 8th. Finally, Wall Street Zen cut shares of Horizon Technology Finance from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.65.

Institutional Trading of Horizon Technology Finance

Institutional investors have recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC bought a new position in shares of Horizon Technology Finance during the fourth quarter worth about $187,000. Financial Engines Advisors L.L.C. bought a new position in shares of Horizon Technology Finance during the fourth quarter worth about $139,000. Quantbot Technologies LP grew its position in shares of Horizon Technology Finance by 300.7% during the second quarter. Quantbot Technologies LP now owns 17,332 shares of the investment management company’s stock worth $125,000 after acquiring an additional 13,007 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Horizon Technology Finance during the third quarter worth about $119,000. Finally, HRT Financial LP bought a new position in shares of Horizon Technology Finance during the fourth quarter worth about $77,000. Institutional investors 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.