Nia Impact Advisors LLC Sells 1,441 Shares of Horizon Technology Finance Co. (NASDAQ:HRZN)

Nia Impact Advisors LLC reduced its stake in Horizon Technology Finance Co. (NASDAQ:HRZN) by 11.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,460 shares of the investment management company’s stock after selling 1,441 shares during the period. Nia Impact Advisors LLC’s holdings in Horizon Technology Finance were worth $103,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TrueMark Investments LLC purchased a new stake in Horizon Technology Finance in the fourth quarter worth about $1,882,000. Marshall Wace LLP purchased a new stake in Horizon Technology Finance in the fourth quarter worth about $1,288,000. Trexquant Investment LP grew its holdings in Horizon Technology Finance by 196.4% in the fourth quarter. Trexquant Investment LP now owns 198,451 shares of the investment management company’s stock worth $1,784,000 after purchasing an additional 131,505 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Horizon Technology Finance in the fourth quarter worth about $788,000. Finally, Jane Street Group LLC purchased a new stake in Horizon Technology Finance in the fourth quarter worth about $447,000. 4.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Compass Point cut shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $6.50 price objective on the stock. in a report on Wednesday, April 30th. Keefe, Bruyette & Woods cut their price target on shares of Horizon Technology Finance from $8.00 to $7.50 and set an “underperform” rating on the stock in a report on Tuesday, April 8th. Maxim Group cut their price target on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, March 10th. StockNews.com cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Finally, UBS Group cut their price target on shares of Horizon Technology Finance from $9.00 to $8.25 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.45.

Horizon Technology Finance Trading Down 0.5%

HRZN opened at $7.55 on Wednesday. Horizon Technology Finance Co. has a 1-year low of $7.12 and a 1-year high of $12.63. The company has a market capitalization of $304.68 million, a PE ratio of -62.92 and a beta of 1.05. The firm’s 50 day simple moving average is $8.55 and its two-hundred day simple moving average is $9.06.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, April 29th. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). The business had revenue of $24.52 million during the quarter, compared to the consensus estimate of $26.67 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. Equities analysts forecast that Horizon Technology Finance Co. will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 16th. Investors of record on Monday, August 18th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.32 annualized dividend and a yield of 17.48%. Horizon Technology Finance’s payout ratio is -145.05%.

Horizon Technology Finance Company 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.