Virtu Financial LLC Takes Position in Horizon Technology Finance Co. (NASDAQ:HRZN)

Virtu Financial LLC acquired a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,729 shares of the investment management company’s stock, valued at approximately $285,000. Virtu Financial LLC owned 0.08% of Horizon Technology Finance as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in Horizon Technology Finance during the 3rd quarter worth about $217,000. Private Trust Co. NA bought a new position in shares of Horizon Technology Finance during the third quarter worth about $38,000. Quantbot Technologies LP acquired a new stake in Horizon Technology Finance in the 3rd quarter valued at approximately $99,000. Paloma Partners Management Co bought a new stake in Horizon Technology Finance in the 3rd quarter valued at approximately $348,000. Finally, JPMorgan Chase & Co. acquired a new position in Horizon Technology Finance during the 3rd quarter worth approximately $117,000. 4.94% of the stock is owned by institutional investors.

Horizon Technology Finance Price Performance

Shares of HRZN opened at $9.48 on Friday. The company has a market cap of $382.19 million, a PE ratio of -79.00 and a beta of 1.18. The firm has a 50-day moving average of $9.42 and a 200-day moving average of $9.64. Horizon Technology Finance Co. has a one year low of $8.46 and a one year high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The business had revenue of $23.55 million for the quarter, compared to the consensus estimate of $25.69 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. Analysts expect that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.

Horizon Technology Finance Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 16th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 13.92%. The ex-dividend date is Wednesday, April 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -1,100.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on HRZN shares. Keefe, Bruyette & Woods lowered their price objective on shares of Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating on the stock in a report on Friday, March 7th. StockNews.com cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective for the company in a research note on Tuesday, December 17th. Finally, Maxim Group lowered their target price 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. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.56.

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.