Arete Wealth Advisors LLC purchased a new position in Horizon Technology Finance Co. (NASDAQ:HRZN – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,346 shares of the investment management company’s stock, valued at approximately $116,706,000,000.
Several other institutional investors have also modified their holdings of HRZN. Parisi Gray Wealth Management acquired a new position in shares of Horizon Technology Finance during the fourth quarter worth $255,000. Natixis Advisors L.P. raised its holdings in Horizon Technology Finance by 4.5% during the fourth quarter. Natixis Advisors L.P. now owns 55,821 shares of the investment management company’s stock worth $648,000 after purchasing an additional 2,403 shares in the last quarter. Green Alpha Advisors LLC grew its position in Horizon Technology Finance by 20.6% during the first quarter. Green Alpha Advisors LLC now owns 232,829 shares of the investment management company’s stock worth $2,626,000 after buying an additional 39,789 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Horizon Technology Finance in the fourth quarter valued at approximately $139,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Horizon Technology Finance by 508.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,472 shares of the investment management company’s stock valued at $76,000 after purchasing an additional 4,572 shares during the last quarter. Institutional investors and hedge funds own 5.45% of the company’s stock.
Horizon Technology Finance Stock Up 0.9 %
NASDAQ:HRZN opened at $13.00 on Tuesday. The company has a market cap of $372.58 million, a P/E ratio of 14.77 and a beta of 1.15. Horizon Technology Finance Co. has a fifty-two week low of $9.67 and a fifty-two week high of $13.96. The firm’s 50 day moving average is $12.38 and its two-hundred day moving average is $12.04.
Horizon Technology Finance Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 17th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date of this dividend is Wednesday, August 16th. Horizon Technology Finance’s dividend payout ratio is presently 150.00%.
Wall Street Analyst Weigh In
Several analysts have recently commented on HRZN shares. LADENBURG THALM/SH SH started coverage on shares of Horizon Technology Finance in a research report on Tuesday, April 11th. They issued a “buy” rating and a $12.50 price target on the stock. Compass Point raised their target price on shares of Horizon Technology Finance from $11.25 to $11.75 in a research report on Monday. StockNews.com lowered shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Finally, TheStreet upgraded shares of Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Horizon Technology Finance currently has an average rating of “Hold” and a consensus price target of $11.29.
Horizon Technology Finance Company Profile
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.
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