Parisi Gray Wealth Management Has $132,000 Stake in Horizon Technology Finance Co. (NASDAQ:HRZN)

Parisi Gray Wealth Management decreased its holdings in Horizon Technology Finance Co. (NASDAQ:HRZN) by 54.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,000 shares of the investment management company’s stock after selling 12,000 shares during the quarter. Parisi Gray Wealth Management’s holdings in Horizon Technology Finance were worth $132,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HRZN. PNC Financial Services Group Inc. bought a new stake in shares of Horizon Technology Finance during the first quarter worth $28,000. Financial Gravity Asset Management Inc. increased its holdings in Horizon Technology Finance by 25,158.3% in the third quarter. Financial Gravity Asset Management Inc. now owns 3,031 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 3,019 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Horizon Technology Finance by 86.5% in the second quarter. JPMorgan Chase & Co. now owns 3,969 shares of the investment management company’s stock valued at $46,000 after purchasing an additional 1,841 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new stake in Horizon Technology Finance in the third quarter valued at about $52,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Horizon Technology Finance by 508.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,472 shares of the investment management company’s stock valued at $76,000 after purchasing an additional 4,572 shares during the last quarter. Institutional investors own 4.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HRZN. UBS Group reduced their price objective on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company in a research report on Monday, March 18th. LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Horizon Technology Finance in a research report on Wednesday, February 28th. Oppenheimer dropped their price objective on Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, March 1st. Finally, B. Riley lowered Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $11.00 target price on the stock. in a research note on Monday, January 8th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.80.

Insider Activity at Horizon Technology Finance

In other Horizon Technology Finance news, President Gerald A. Michaud bought 3,650 shares of Horizon Technology Finance stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of $11.77 per share, with a total value of $42,960.50. Following the completion of the acquisition, the president now directly owns 156,244 shares in the company, valued at approximately $1,838,991.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Horizon Technology Finance Trading Up 0.7 %

Shares of NASDAQ:HRZN traded up $0.08 on Thursday, reaching $11.32. 91,883 shares of the company traded hands, compared to its average volume of 281,950. The business’s 50-day simple moving average is $12.49 and its 200 day simple moving average is $12.39. The stock has a market capitalization of $378.09 million, a P/E ratio of -23.20 and a beta of 1.21. Horizon Technology Finance Co. has a 52 week low of $10.75 and a 52 week high of $13.73.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, February 27th. The investment management company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The company had revenue of $28.18 million during the quarter, compared to the consensus estimate of $29.21 million. Horizon Technology Finance had a positive return on equity of 18.24% and a negative net margin of 15.14%. Sell-side analysts expect that Horizon Technology Finance Co. will post 1.53 EPS for the current fiscal year.

Horizon Technology Finance Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Tuesday, March 19th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, March 18th. This is an increase from Horizon Technology Finance’s previous dividend of $0.11. This represents a dividend yield of 16.48%. Horizon Technology Finance’s dividend payout ratio (DPR) is currently -269.38%.

About Horizon Technology Finance

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.