Horizon Technology Finance (NASDAQ:HRZN) Director Jonathan Joseph Goodman Acquires 6,000 Shares

Horizon Technology Finance Corporation (NASDAQ:HRZN) Director Jonathan Joseph Goodman bought 6,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was purchased at an average price of $4.33 per share, with a total value of $25,980.00. Following the purchase, the director directly owned 8,312 shares of the company’s stock, valued at $35,990.96. The trade was a 259.52% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Horizon Technology Finance Trading Up 3.0%

NASDAQ:HRZN opened at $4.44 on Thursday. Horizon Technology Finance Corporation has a 1 year low of $3.80 and a 1 year high of $8.46. The firm has a 50 day moving average of $4.30 and a 200-day moving average of $5.45. The stock has a market capitalization of $303.07 million, a P/E ratio of 10.33 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, May 5th. The investment management company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $21.09 million. As a group, analysts forecast that Horizon Technology Finance Corporation will post 0.69 EPS for the current fiscal year.

Horizon Technology Finance Announces Dividend

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 of this dividend is Monday, August 17th. Horizon Technology Finance’s payout ratio is currently 167.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Zacks Research raised Horizon Technology Finance from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. UBS Group cut their price target on Horizon Technology Finance from $4.50 to $4.25 and set a “neutral” rating for the company in a report on Monday, May 18th. Keefe, Bruyette & Woods raised Horizon Technology Finance from an “underperform” rating to a “market perform” rating and set a $5.00 price target for the company in a report on Thursday, March 5th. Wall Street Zen cut Horizon Technology Finance from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Horizon Technology Finance in a research report on Friday, May 8th. 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.65.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP raised its holdings in Horizon Technology Finance by 300.7% during the 2nd quarter. Quantbot Technologies LP now owns 17,332 shares of the investment management company’s stock worth $125,000 after purchasing an additional 13,007 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Horizon Technology Finance during the 2nd quarter worth about $122,000. Virtu Financial LLC bought a new stake in Horizon Technology Finance during the 3rd quarter worth about $119,000. Marshall Wace LLP bought a new stake in Horizon Technology Finance during the 2nd quarter worth about $103,000. Finally, HRT Financial LP bought a new stake in Horizon Technology Finance during the 4th quarter worth about $77,000. Institutional investors 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.