Freedom Investment Management Inc. Purchases 15,091 Shares of Horizon Technology Finance Co. (NASDAQ:HRZN)

Freedom Investment Management Inc. increased its position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,244 shares of the investment management company’s stock after buying an additional 15,091 shares during the period. Freedom Investment Management Inc.’s holdings in Horizon Technology Finance were worth $1,054,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HRZN. TrueMark Investments LLC acquired a new stake in Horizon Technology Finance during the 4th quarter worth about $1,882,000. Marshall Wace LLP bought a new stake in shares of Horizon Technology Finance during the 4th quarter valued at about $1,288,000. Trexquant Investment LP grew its stake in Horizon Technology Finance by 196.4% during 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 bought a new stake in Horizon Technology Finance in the fourth quarter worth approximately $788,000. Finally, Green Alpha Advisors LLC lifted its stake in Horizon Technology Finance by 28.1% in the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock valued at $2,611,000 after buying an additional 63,709 shares during the period. Institutional investors and hedge funds own 4.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on HRZN shares. StockNews.com downgraded shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. UBS Group reduced their price target on shares of Horizon Technology Finance from $9.00 to $8.25 and set a “neutral” rating for the company in a report on Thursday. Maxim Group decreased their price target on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Horizon Technology Finance from $8.00 to $7.50 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.20.

Horizon Technology Finance Trading Up 3.8 %

NASDAQ HRZN opened at $8.39 on Friday. The company has a fifty day simple moving average of $9.13 and a 200 day simple moving average of $9.36. Horizon Technology Finance Co. has a 12-month low of $7.55 and a 12-month high of $12.63. The company has a market cap of $338.24 million, a P/E ratio of -69.92 and a beta of 1.08.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate 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 business had revenue of $23.55 million for the quarter, compared to the consensus estimate of $25.69 million. Sell-side analysts predict that Horizon Technology Finance Co. will post 1.38 EPS for the current year.

Horizon Technology Finance Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th will be paid a $0.11 dividend. This represents a dividend yield of 16.34%. The ex-dividend date is Wednesday, April 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -1,100.00%.

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.