Green Alpha Advisors LLC Makes New $2.03 Million Investment in Horizon Technology Finance Corporation $HRZN

Green Alpha Advisors LLC bought a new stake in Horizon Technology Finance Corporation (NASDAQ:HRZN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 429,913 shares of the investment management company’s stock, valued at approximately $2,033,000. Horizon Technology Finance comprises 1.4% of Green Alpha Advisors LLC’s holdings, making the stock its 23rd largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. N.E.W. Advisory Services LLC grew its stake in Horizon Technology Finance by 100.0% during the 4th 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 in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Horizon Technology Finance during the 1st quarter worth approximately $50,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Horizon Technology Finance during the 1st quarter worth approximately $52,000. Chapin Davis Inc. purchased a new stake in shares of Horizon Technology Finance in the second quarter valued at approximately $60,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Horizon Technology Finance in the second quarter valued at approximately $60,000. 4.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on HRZN. Weiss Ratings downgraded Horizon Technology Finance from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Zacks Research upgraded Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods cut their target price on Horizon Technology Finance from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday. UBS Group reduced their price target on Horizon Technology Finance from $4.50 to $4.25 and set a “neutral” rating on the stock in a report on Monday, May 18th. Finally, Oppenheimer lowered their price target on shares of Horizon Technology Finance from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Friday, August 7th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $4.81.

Horizon Technology Finance Price Performance

Shares of HRZN stock opened at $4.82 on Friday. Horizon Technology Finance Corporation has a 1-year low of $3.80 and a 1-year high of $7.07. The firm has a market cap of $323.10 million, a PE ratio of 13.39 and a beta of 0.98. The company has a 50-day moving average of $4.59 and a two-hundred day moving average of $4.73.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Horizon Technology Finance had a net margin of 5.27% and a return on equity of 11.15%. The company had revenue of ($44.66) million during the quarter, compared to analysts’ expectations of $25.22 million. Sell-side analysts anticipate that Horizon Technology Finance Corporation will post 0.63 EPS for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, November 17th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a c) annualized dividend and a yield of 14.9%. Horizon Technology Finance’s dividend payout ratio is presently 200.00%.

Insider Buying and Selling

In other Horizon Technology Finance news, CFO Daniel R. Trolio acquired 11,500 shares of the stock in a transaction dated Wednesday, June 10th. The stock was acquired at an average price of $4.34 per share, with a total value of $49,910.00. Following the completion of the purchase, the chief financial officer owned 15,023 shares in the company, valued at $65,199.82. This trade represents a 326.43% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Joseph Goodman acquired 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was acquired at an average price of $4.33 per share, with a total value of $25,980.00. Following the acquisition, the director directly owned 8,312 shares of the company’s stock, valued at approximately $35,990.96. This represents a 259.52% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 134,977 shares of company stock worth $585,975 over the last 90 days. 0.29% of the stock is owned by insiders.

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.