Jackson Thornton Wealth Management LLC Makes New Investment in Horizon Technology Finance Co. (NASDAQ:HRZN)

Jackson Thornton Wealth Management LLC bought a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,823 shares of the investment management company’s stock, valued at approximately $331,000. Jackson Thornton Wealth Management LLC owned about 0.09% of Horizon Technology Finance at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HRZN. Strategic Financial Concepts LLC acquired a new position in Horizon Technology Finance during the fourth quarter worth $788,000. Green Alpha Advisors LLC increased its position in Horizon Technology Finance by 28.1% during the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock worth $2,611,000 after buying an additional 63,709 shares during the last quarter. Magnetar Financial LLC acquired a new position in Horizon Technology Finance during the fourth quarter worth $406,000. Paloma Partners Management Co acquired a new position in Horizon Technology Finance during the third quarter worth $348,000. Finally, Virtu Financial LLC acquired a new position in Horizon Technology Finance during the fourth quarter worth $285,000. 4.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Maxim Group lowered their price target on Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target on the stock in a research report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods lowered their price target on Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Friday, March 7th. 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 company’s stock. According to MarketBeat, Horizon Technology Finance has an average rating of “Hold” and a consensus target price of $9.56.

Horizon Technology Finance Stock Performance

Shares of NASDAQ:HRZN opened at $9.23 on Monday. Horizon Technology Finance Co. has a 52-week low of $8.46 and a 52-week high of $12.63. The company has a market cap of $372.11 million, a P/E ratio of -76.92 and a beta of 1.18. The stock’s 50-day moving average is $9.42 and its 200-day moving average is $9.66.

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 analysts’ consensus estimates of $0.33 by ($0.06). Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. The firm had revenue of $23.55 million for the quarter, compared to analyst estimates of $25.69 million. As a group, equities analysts predict that Horizon Technology Finance Co. will post 1.38 EPS for the current year.

Horizon Technology Finance Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 16th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 14.30%. The ex-dividend date of this dividend is Wednesday, April 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -1,100.00%.

Horizon Technology Finance 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.