First Financial Bank Trust Division Has $411,000 Stock Position in Horizon Technology Finance Co. (NASDAQ:HRZN)

First Financial Bank Trust Division lifted its stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 45,725 shares of the investment management company’s stock after acquiring an additional 2,173 shares during the quarter. First Financial Bank Trust Division’s holdings in Horizon Technology Finance were worth $411,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Green Alpha Advisors LLC lifted its stake in Horizon Technology Finance by 1.8% in the 3rd quarter. Green Alpha Advisors LLC now owns 226,738 shares of the investment management company’s stock valued at $2,415,000 after purchasing an additional 3,928 shares during the last quarter. ETF Store Inc. lifted its position in shares of Horizon Technology Finance by 3.7% in the third quarter. ETF Store Inc. now owns 52,813 shares of the investment management company’s stock valued at $562,000 after buying an additional 1,871 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Horizon Technology Finance by 810.1% in the third quarter. International Assets Investment Management LLC now owns 50,055 shares of the investment management company’s stock valued at $5,330,000 after buying an additional 44,555 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Horizon Technology Finance during the 3rd quarter worth approximately $348,000. Finally, Commonwealth Equity Services LLC raised 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 during the period. Institutional investors and hedge funds own 4.94% of the company’s stock.

Insider Buying and Selling at Horizon Technology Finance

In other news, President Gerald A. Michaud bought 8,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were 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 represents a 4.96 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Balkin purchased 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $8.53 per share, with a total value of $170,600.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at $170,600. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Compass Point raised shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective for the company in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, Horizon Technology Finance has a consensus rating of “Hold” and an average price target of $9.35.

Horizon Technology Finance Stock Up 1.3 %

Shares of Horizon Technology Finance stock traded up $0.12 on Thursday, hitting $9.11. The stock had a trading volume of 335,704 shares, compared to its average volume of 320,740. The stock has a market cap of $346.73 million, a price-to-earnings ratio of -75.92 and a beta of 1.22. Horizon Technology Finance Co. has a twelve month low of $8.46 and a twelve month high of $13.73. The business’s 50 day moving average is $9.29 and its two-hundred day moving average is $10.60.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings data 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 negative net margin of 3.69% and a positive return on equity of 15.78%. The firm had revenue of $24.56 million during the quarter, compared to analyst estimates of $25.38 million. During the same period in the prior year, the company earned $0.53 earnings per share. As a group, equities analysts predict that Horizon Technology Finance Co. will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 14.49%. The ex-dividend date is Thursday, January 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is -1,100.00%.

Horizon Technology Finance Profile

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.