Horizon Technology Finance Co. (NASDAQ:HRZN) Short Interest Up 15.5% in November

Horizon Technology Finance Co. (NASDAQ:HRZN) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 984,600 shares, a growth of 15.5% from the October 31st total of 852,400 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 411,900 shares, the short-interest ratio is currently 2.4 days.

Horizon Technology Finance Trading Up 0.5 %

HRZN stock traded up $0.05 during midday trading on Friday, hitting $9.34. The company had a trading volume of 231,337 shares, compared to its average volume of 479,224. Horizon Technology Finance has a 52 week low of $9.07 and a 52 week high of $13.73. The stock has a market cap of $355.48 million, a price-to-earnings ratio of -77.83 and a beta of 1.24. The stock’s 50 day moving average price is $9.94 and its 200 day moving average price is $11.03.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $25.38 million. During the same period in the previous year, the company earned $0.53 EPS. Analysts predict that Horizon Technology Finance will post 1.38 earnings per share for the current year.

Horizon Technology Finance Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.13%. The ex-dividend date of this dividend is Monday, December 16th. Horizon Technology Finance’s payout ratio is presently -1,100.00%.

Institutional Investors Weigh In On Horizon Technology Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Horizon Technology Finance by 17.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,204 shares of the investment management company’s stock valued at $367,000 after purchasing an additional 4,795 shares during the last quarter. Virtu Financial LLC purchased a new position in Horizon Technology Finance during the first quarter valued at $257,000. International Assets Investment Management LLC bought a new stake in Horizon Technology Finance in the second quarter worth $66,000. Commonwealth Equity Services LLC grew its stake in shares of Horizon Technology Finance by 4.9% in the second quarter. Commonwealth Equity Services LLC now owns 23,776 shares of the investment management company’s stock worth $286,000 after acquiring an additional 1,113 shares during the last quarter. Finally, ETF Store Inc. grew its stake in shares of Horizon Technology Finance by 4.4% in the second quarter. ETF Store Inc. now owns 50,942 shares of the investment management company’s stock worth $613,000 after acquiring an additional 2,136 shares during the last quarter. 4.94% of the stock is owned by hedge funds and other institutional investors.

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.