Horizon Technology Finance Co. (NASDAQ:HRZN – Get Rating) Director Joseph J. Savage acquired 10,000 shares of the company’s stock in a transaction on Monday, May 16th. The stock was purchased at an average cost of $12.23 per share, for a total transaction of $122,300.00. Following the completion of the purchase, the director now directly owns 50,000 shares in the company, valued at approximately $611,500. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
NASDAQ HRZN traded up $0.02 during trading hours on Tuesday, reaching $12.31. The company’s stock had a trading volume of 6,497 shares, compared to its average volume of 237,068. The stock has a market cap of $295.19 million, a PE ratio of 9.91 and a beta of 1.01. Horizon Technology Finance Co. has a fifty-two week low of $11.62 and a fifty-two week high of $19.08. The company’s 50-day moving average is $13.55 and its two-hundred day moving average is $15.24.
Horizon Technology Finance (NASDAQ:HRZN – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The business had revenue of $14.20 million during the quarter, compared to analyst estimates of $14.34 million. Horizon Technology Finance had a net margin of 41.45% and a return on equity of 11.32%. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, equities research analysts forecast that Horizon Technology Finance Co. will post 1.24 earnings per share for the current year.
Several brokerages have issued reports on HRZN. Zacks Investment Research cut shares of Horizon Technology Finance from a “hold” rating to a “strong sell” rating in a research note on Friday, May 6th. StockNews.com initiated coverage on shares of Horizon Technology Finance in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Finally, Compass Point raised shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating in a research note on Wednesday, May 4th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, Horizon Technology Finance has an average rating of “Hold” and an average price target of $16.25.
Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new position in Horizon Technology Finance in the 1st quarter valued at about $28,000. Marshall Wace North America L.P. purchased a new position in shares of Horizon Technology Finance during the 1st quarter worth about $62,000. Royal Bank of Canada lifted its holdings in shares of 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 worth $90,000 after acquiring an additional 913 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Horizon Technology Finance by 245,900.0% during the 4th quarter. JPMorgan Chase & Co. now owns 7,380 shares of the investment management company’s stock worth $117,000 after acquiring an additional 7,377 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of Horizon Technology Finance during the 1st quarter worth about $128,000. Institutional investors own 11.30% of the company’s stock.
Horizon Technology Finance Company Profile (Get Rating)
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, and cleantech industries.
- Get a free copy of the StockNews.com research report on Horizon Technology Finance (HRZN)
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