Brown Advisory Securities LLC Sells 1,400 Shares of Horizon Technology Finance Co. (NASDAQ:HRZN)

Brown Advisory Securities LLC lessened its holdings in Horizon Technology Finance Co. (NASDAQ:HRZNGet Rating) by 8.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 14,262 shares of the investment management company’s stock after selling 1,400 shares during the period. Brown Advisory Securities LLC’s holdings in Horizon Technology Finance were worth $199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of HRZN. Commonwealth Equity Services LLC grew its holdings in shares of Horizon Technology Finance by 12.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 22,669 shares of the investment management company’s stock worth $315,000 after purchasing an additional 2,526 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Horizon Technology Finance by 14.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 26,118 shares of the investment management company’s stock worth $416,000 after purchasing an additional 3,241 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in shares of Horizon Technology Finance by 26.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 20,006 shares of the investment management company’s stock worth $319,000 after purchasing an additional 4,213 shares during the last quarter. First Affirmative Financial Network grew its holdings in shares of Horizon Technology Finance by 45.6% in the 1st quarter. First Affirmative Financial Network now owns 15,559 shares of the investment management company’s stock worth $216,000 after purchasing an additional 4,876 shares during the last quarter. Finally, Green Alpha Advisors LLC grew its holdings in shares of Horizon Technology Finance by 4.6% in the 1st quarter. Green Alpha Advisors LLC now owns 127,663 shares of the investment management company’s stock worth $1,775,000 after purchasing an additional 5,614 shares during the last quarter. Institutional investors own 11.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Compass Point raised shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating in a report on Wednesday, May 4th.

Horizon Technology Finance Stock Down 1.3 %

Shares of NASDAQ:HRZN opened at $13.29 on Friday. Horizon Technology Finance Co. has a 12 month low of $10.55 and a 12 month high of $19.08. The company’s 50-day moving average price is $12.02 and its two-hundred day moving average price is $13.36. The firm has a market cap of $337.30 million, a P/E ratio of 10.98 and a beta of 1.02.

Horizon Technology Finance (NASDAQ:HRZNGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The investment management company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Horizon Technology Finance had a net margin of 39.59% and a return on equity of 11.55%. During the same quarter last year, the company posted $0.31 EPS. As a group, equities analysts predict that Horizon Technology Finance Co. will post 1.24 earnings per share for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.03%. The ex-dividend date is Wednesday, November 16th. Horizon Technology Finance’s dividend payout ratio is currently 99.17%.

Insiders Place Their Bets

In other Horizon Technology Finance news, President Gerald A. Michaud bought 3,050 shares of the business’s stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $12.06 per share, for a total transaction of $36,783.00. Following the transaction, the president now owns 121,899 shares in the company, valued at approximately $1,470,101.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Horizon Technology Finance news, President Gerald A. Michaud bought 3,050 shares of the business’s stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $12.06 per share, for a total transaction of $36,783.00. Following the transaction, the president now owns 121,899 shares in the company, valued at approximately $1,470,101.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph J. Savage bought 10,000 shares of the business’s stock in a transaction on Monday, May 16th. The shares were acquired at an average price of $12.23 per share, for a total transaction of $122,300.00. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at approximately $611,500. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,464 shares of company stock valued at $268,351 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Horizon Technology Finance Company Profile

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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, and cleantech industries.

Further Reading

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

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