TrueMark Investments LLC Takes $1.88 Million Position in Horizon Technology Finance Co. (NASDAQ:HRZN)

TrueMark Investments LLC acquired a new position in Horizon Technology Finance Co. (NASDAQ:HRZN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 209,378 shares of the investment management company’s stock, valued at approximately $1,882,000.

Several other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in Horizon Technology Finance in the third quarter worth about $217,000. Private Trust Co. NA bought a new stake in shares of Horizon Technology Finance in the 3rd quarter worth approximately $38,000. Quantbot Technologies LP acquired a new stake in Horizon Technology Finance during the third quarter valued at approximately $99,000. Paloma Partners Management Co acquired a new stake in Horizon Technology Finance during the third quarter valued at approximately $348,000. Finally, JPMorgan Chase & Co. bought a new stake in Horizon Technology Finance during the third quarter worth approximately $117,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Horizon Technology Finance Trading Up 1.5 %

Shares of HRZN stock opened at $9.28 on Wednesday. The stock’s fifty day simple moving average is $9.42 and its 200-day simple moving average is $9.64. The company has a market capitalization of $374.12 million, a price-to-earnings ratio of -77.33 and a beta of 1.18. Horizon Technology Finance Co. has a 1-year low of $8.46 and a 1-year high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last released its earnings results on Tuesday, March 4th. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). The business had revenue of $23.55 million for the quarter, compared to analysts’ expectations of $25.69 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. On average, sell-side analysts predict that Horizon Technology Finance Co. will post 1.38 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.22%. The ex-dividend date of this dividend is Wednesday, April 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is currently -1,100.00%.

Analysts Set New Price Targets

HRZN has been the topic of several research reports. StockNews.com cut Horizon Technology Finance from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Maxim Group reduced their target price on Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating for the company in a report on Monday, March 10th. Keefe, Bruyette & Woods dropped their price target on Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating on the stock in a research note on Friday, March 7th. Finally, 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 note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Horizon Technology Finance presently has an average rating of “Hold” and a consensus target price of $9.56.

Horizon Technology Finance Company 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.