Mackenzie Financial Corp Purchases 11,638 Shares of Horizon Technology Finance Co. (NASDAQ:HRZN)

Mackenzie Financial Corp boosted its stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) by 15.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,925 shares of the investment management company’s stock after buying an additional 11,638 shares during the quarter. Mackenzie Financial Corp owned approximately 0.42% of Horizon Technology Finance worth $1,397,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Horizon Technology Finance by 21.2% during the 2nd quarter. Royal Bank of Canada now owns 5,214 shares of the investment management company’s stock valued at $90,000 after buying an additional 913 shares in the last quarter. Green Alpha Advisors LLC lifted its holdings in Horizon Technology Finance by 3.2% during the 3rd quarter. Green Alpha Advisors LLC now owns 112,369 shares of the investment management company’s stock valued at $1,827,000 after buying an additional 3,466 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Horizon Technology Finance by 25.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 20,166 shares of the investment management company’s stock valued at $327,000 after buying an additional 4,037 shares in the last quarter. Virtus ETF Advisers LLC lifted its holdings in Horizon Technology Finance by 18.5% during the 2nd quarter. Virtus ETF Advisers LLC now owns 32,800 shares of the investment management company’s stock valued at $566,000 after buying an additional 5,110 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Horizon Technology Finance during the 2nd quarter valued at about $90,000. Institutional investors own 9.64% of the company’s stock.

HRZN has been the subject of a number of research analyst reports. TheStreet lowered shares of Horizon Technology Finance from a “b” rating to a “c+” rating in a report on Friday, October 29th. Zacks Investment Research downgraded shares of Horizon Technology Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, December 29th. Finally, B. Riley raised their target price on shares of Horizon Technology Finance from $14.50 to $15.50 and gave the company a “neutral” rating in a research report on Thursday, October 21st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.00.

In other news, CEO Robert D. Jr. Pomeroy acquired 2,500 shares of the business’s stock in a transaction dated Monday, December 6th. The shares were purchased at an average price of $16.11 per share, with a total value of $40,275.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Gerald A. Michaud acquired 3,450 shares of the business’s stock in a transaction dated Monday, December 6th. The stock was purchased at an average cost of $15.87 per share, for a total transaction of $54,751.50. The disclosure for this purchase can be found here. 1.70% of the stock is owned by insiders.

NASDAQ HRZN opened at $16.27 on Friday. The company has a market capitalization of $332.35 million, a price-to-earnings ratio of 11.54 and a beta of 1.08. The company’s 50-day simple moving average is $16.56 and its two-hundred day simple moving average is $16.90. Horizon Technology Finance Co. has a one year low of $12.23 and a one year high of $19.08.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, October 26th. The investment management company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. Horizon Technology Finance had a net margin of 52.53% and a return on equity of 10.79%. The business had revenue of $16.37 million for the quarter, compared to the consensus estimate of $13.39 million. As a group, equities research analysts expect that Horizon Technology Finance Co. will post 1.32 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, March 16th. Stockholders of record on Friday, February 18th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date is Thursday, February 17th. Horizon Technology Finance’s payout ratio is currently 85.11%.

About Horizon Technology Finance

Horizon Technology Finance Corp. operates as a finance company. The firm engages in the provision of capital in the form of secured loans to venture capital backed companies. It also involves in lending and investing in portfolio companies in technology, life science, healthcare information and services and cleantech industries.

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Institutional Ownership by Quarter for Horizon Technology Finance (NASDAQ:HRZN)

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