Horizon Technology Finance Co. (NASDAQ:HRZN) Shares Acquired by First Affirmative Financial Network

First Affirmative Financial Network lifted its position in shares of Horizon Technology Finance Co. (NASDAQ:HRZNGet Rating) by 45.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,559 shares of the investment management company’s stock after buying an additional 4,876 shares during the period. First Affirmative Financial Network owned approximately 0.07% of Horizon Technology Finance worth $216,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in shares of Horizon Technology Finance by 7.4% during the 4th quarter. Advisors Asset Management Inc. now owns 249,486 shares of the investment management company’s stock worth $3,972,000 after buying an additional 17,252 shares during the last quarter. BlackRock Inc. increased its holdings in Horizon Technology Finance by 6.5% in the 3rd quarter. BlackRock Inc. now owns 124,479 shares of the investment management company’s stock valued at $2,024,000 after purchasing an additional 7,629 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in Horizon Technology Finance in the 3rd quarter valued at $1,473,000. ETF Store Inc. acquired a new stake in Horizon Technology Finance in the 4th quarter valued at $355,000. Finally, Envestnet Asset Management Inc. increased its holdings in 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 valued at $416,000 after purchasing an additional 3,241 shares in the last quarter. Institutional investors and hedge funds own 11.30% of the company’s stock.

Shares of Horizon Technology Finance stock opened at $11.15 on Thursday. The business has a 50-day moving average of $12.36 and a 200-day moving average of $14.23. The company has a market capitalization of $267.38 million, a PE ratio of 8.99 and a beta of 1.02. Horizon Technology Finance Co. has a 1-year low of $10.55 and a 1-year high of $19.08.

Horizon Technology Finance (NASDAQ:HRZNGet Rating) last announced its earnings results on Tuesday, May 3rd. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $14.20 million for the quarter, compared to analyst estimates of $14.34 million. Horizon Technology Finance had a net margin of 41.45% and a return on equity of 11.32%. During the same quarter in the prior year, the business earned $0.31 earnings per share. As a group, sell-side analysts expect that Horizon Technology Finance Co. will post 1.24 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 17th. This represents a $1.20 annualized dividend and a dividend yield of 10.76%. Horizon Technology Finance’s dividend payout ratio is presently 96.77%.

In related news, CEO Robert D. Jr. Pomeroy purchased 4,000 shares of Horizon Technology Finance stock in a transaction dated Friday, May 6th. The shares were acquired at an average price of $12.73 per share, with a total value of $50,920.00. Following the completion of the transaction, the chief executive officer now owns 155,539 shares of the company’s stock, valued at approximately $1,980,011.47. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Gerald A. Michaud purchased 3,050 shares of Horizon Technology Finance stock in a transaction dated 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 directly owns 121,899 shares of the company’s stock, valued at approximately $1,470,101.94. The disclosure for this purchase can be found here. Insiders have bought 26,464 shares of company stock valued at $319,271 over the last 90 days. Insiders own 1.50% of the company’s stock.

Several analysts recently issued reports on HRZN shares. StockNews.com started coverage on Horizon Technology Finance in a report on Thursday, March 31st. They issued a “sell” rating for the company. Compass Point upgraded Horizon Technology Finance from a “sell” rating to a “neutral” rating in a report on Wednesday, May 4th.

Horizon Technology Finance Profile (Get Rating)

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.

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

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