Horizon Technology Finance (NASDAQ:HRZN) CIO Paul Seitz Purchases 11,477 Shares

Horizon Technology Finance Corporation (NASDAQ:HRZN) CIO Paul Seitz purchased 11,477 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of $4.35 per share, for a total transaction of $49,924.95. Following the acquisition, the executive owned 12,242 shares in the company, valued at $53,252.70. The trade was a 1,500.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Horizon Technology Finance Price Performance

Horizon Technology Finance stock traded up $0.12 during midday trading on Wednesday, hitting $4.43. 667,360 shares of the stock were exchanged, compared to its average volume of 1,015,078. Horizon Technology Finance Corporation has a 1 year low of $3.80 and a 1 year high of $8.46. The firm has a market cap of $302.39 million, a P/E ratio of 10.30 and a beta of 1.00. The company has a 50 day moving average price of $4.30 and a two-hundred day moving average price of $5.46.

Horizon Technology Finance (NASDAQ:HRZN) last released its earnings results on Tuesday, May 5th. The investment management company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Horizon Technology Finance had a net margin of 22.55% and a return on equity of 13.63%. The company had revenue of ($6.19) million during the quarter, compared to the consensus estimate of $21.09 million. As a group, analysts predict that Horizon Technology Finance Corporation will post 0.69 EPS for the current year.

Horizon Technology Finance Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, August 17th. Horizon Technology Finance’s dividend payout ratio is currently 167.44%.

Analyst Upgrades and Downgrades

HRZN has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Horizon Technology Finance in a research report on Friday, May 8th. Keefe, Bruyette & Woods upgraded shares of Horizon Technology Finance from an “underperform” rating to a “market perform” rating and set a $5.00 price target on the stock in a research report on Thursday, March 5th. Oppenheimer decreased their target price on shares of Horizon Technology Finance from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Finally, Wall Street Zen downgraded shares of Horizon Technology Finance from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Horizon Technology Finance currently has a consensus rating of “Hold” and an average target price of $5.65.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HRZN. N.E.W. Advisory Services LLC lifted its stake in Horizon Technology Finance by 100.0% in the fourth quarter. N.E.W. Advisory Services LLC now owns 4,000 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 2,000 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Horizon Technology Finance during the first quarter worth about $50,000. Patriot Financial Group Insurance Agency LLC bought a new position in Horizon Technology Finance during the first quarter worth about $52,000. Tower Research Capital LLC TRC acquired a new stake in Horizon Technology Finance during the second quarter worth about $60,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in Horizon Technology Finance during the fourth quarter worth about $67,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

About Horizon Technology Finance

Horizon Technology Finance Corporation is a specialty finance company organized as a business development company (BDC) that provides private credit solutions to venture capital and private equity-backed technology, life science and healthcare companies. The firm targets companies at various stages of development, offering secured debt financing structures such as first‐lien and second‐lien loans, as well as equity co‐investment opportunities in select portfolio companies.

Horizon Technology Finance’s investment strategy emphasizes deployment of capital in U.S.‐based enterprises with proven technology, strong management teams and clear paths to growth.