Gerald A. Michaud Acquires 8,000 Shares of Horizon Technology Finance Co. (NASDAQ:HRZN) Stock

Horizon Technology Finance Co. (NASDAQ:HRZN) President Gerald A. Michaud bought 8,000 shares of the stock in a transaction dated Monday, November 25th. The shares were bought at an average price of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the acquisition, the president now owns 169,309 shares in the company, valued at approximately $1,576,266.79. The trade was a 4.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Horizon Technology Finance Price Performance

NASDAQ HRZN opened at $9.35 on Wednesday. Horizon Technology Finance Co. has a fifty-two week low of $9.07 and a fifty-two week high of $13.73. The stock’s fifty day moving average is $9.91 and its two-hundred day moving average is $11.01.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings data on Tuesday, October 29th. The investment management company reported $0.32 earnings per share (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 analysts’ expectations of $25.38 million. During the same period in the prior year, the company posted $0.53 EPS. On average, research analysts anticipate that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.

Horizon Technology Finance Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 14.12%. The ex-dividend date is Monday, December 16th. Horizon Technology Finance’s payout ratio is presently -1,100.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HRZN. CANADA LIFE ASSURANCE Co raised its position in Horizon Technology Finance by 17.5% in 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 period. Virtu Financial LLC acquired a new stake in shares of Horizon Technology Finance during the 1st quarter worth about $257,000. International Assets Investment Management LLC purchased a new stake in Horizon Technology Finance in the 2nd quarter valued at about $66,000. Commonwealth Equity Services LLC lifted its position in 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 valued at $286,000 after buying an additional 1,113 shares during the last quarter. Finally, ETF Store Inc. boosted its stake in Horizon Technology Finance by 4.4% during the second quarter. ETF Store Inc. now owns 50,942 shares of the investment management company’s stock worth $613,000 after buying an additional 2,136 shares during the period. 4.94% of the stock is currently 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.