Daniel Trolio Acquires 11,500 Shares of Horizon Technology Finance (NASDAQ:HRZN) Stock

Horizon Technology Finance Corporation (NASDAQ:HRZN) CFO Daniel Trolio purchased 11,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was acquired at an average price of $4.34 per share, for a total transaction of $49,910.00. Following the acquisition, the chief financial officer directly owned 15,023 shares of the company’s stock, valued at $65,199.82. This trade represents a 326.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Horizon Technology Finance Stock Performance

NASDAQ HRZN opened at $4.57 on Friday. Horizon Technology Finance Corporation has a one year low of $3.80 and a one year high of $8.46. The company’s 50 day moving average price is $4.31 and its 200 day moving average price is $5.43. The firm has a market capitalization of $311.95 million, a price-to-earnings ratio of 10.63 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, May 5th. The investment management company reported $0.19 EPS for the quarter, meeting 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 firm had revenue of ($6.19) million for the quarter, compared to analyst estimates of $21.09 million. Sell-side analysts forecast that Horizon Technology Finance Corporation will post 0.69 EPS for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 17th will be issued a $0.03 dividend. The ex-dividend date is Monday, August 17th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently 167.44%.

Analyst Ratings Changes

Several research analysts recently commented on HRZN shares. Weiss Ratings restated a “sell (d+)” rating on shares of Horizon Technology Finance in a report on Friday, May 8th. UBS Group cut their price target on shares of Horizon Technology Finance from $4.50 to $4.25 and set a “neutral” rating on the stock in a report on Monday, May 18th. Zacks Research upgraded shares of Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Oppenheimer cut their price target on shares of Horizon Technology Finance from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Tuesday, March 24th. Finally, 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 report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Horizon Technology Finance presently has a consensus rating of “Hold” and an average price target of $5.65.

Institutional Trading of Horizon Technology Finance

Hedge funds have recently made changes to their positions in the company. N.E.W. Advisory Services LLC raised its stake in shares of Horizon Technology Finance by 100.0% during 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 purchasing an additional 2,000 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Horizon Technology Finance during the second quarter valued at approximately $60,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Horizon Technology Finance during the fourth quarter valued at approximately $67,000. Sanctuary Advisors LLC purchased a new stake in shares of Horizon Technology Finance during the first quarter valued at approximately $50,000. Finally, HRT Financial LP purchased a new stake in shares of Horizon Technology Finance during the fourth quarter valued at approximately $77,000. Hedge funds and other institutional investors own 4.94% of the company’s stock.

Horizon Technology Finance Company Profile

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.