32,268 Shares in Horizon Technology Finance Co. (NASDAQ:HRZN) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 32,268 shares of the investment management company’s stock, valued at approximately $323,000. Quadrature Capital Ltd owned approximately 0.12% of Horizon Technology Finance as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HRZN. Creative Financial Designs Inc. ADV lifted its holdings in shares of Horizon Technology Finance by 13.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 10,007 shares of the investment management company’s stock valued at $100,000 after acquiring an additional 1,173 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Horizon Technology Finance by 7.9% during the third quarter. Envestnet Asset Management Inc. now owns 20,303 shares of the investment management company’s stock worth $203,000 after purchasing an additional 1,480 shares in the last quarter. Natixis Advisors L.P. lifted its stake in shares of Horizon Technology Finance by 3.5% during the second quarter. Natixis Advisors L.P. now owns 49,522 shares of the investment management company’s stock worth $571,000 after purchasing an additional 1,659 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Horizon Technology Finance by 86.5% in the second quarter. JPMorgan Chase & Co. now owns 3,969 shares of the investment management company’s stock worth $46,000 after buying an additional 1,841 shares during the period. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Horizon Technology Finance in the first quarter valued at about $28,000. 9.82% of the stock is currently owned by hedge funds and other institutional investors.

Horizon Technology Finance Stock Performance

Shares of HRZN opened at $10.74 on Monday. Horizon Technology Finance Co. has a one year low of $9.67 and a one year high of $14.34. The stock’s fifty day moving average is $12.17 and its 200-day moving average is $12.00. The firm has a market capitalization of $304.16 million, a price-to-earnings ratio of 12.64 and a beta of 1.17.

Horizon Technology Finance Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, May 17th. This represents a $1.32 annualized dividend and a yield of 12.29%. Horizon Technology Finance’s payout ratio is 155.29%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered shares of Horizon Technology Finance from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $11.50 to $10.50 in a report on Tuesday, December 20th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.88.

Insider Buying and Selling at Horizon Technology Finance

In related news, President Gerald A. Michaud acquired 18,250 shares of the firm’s stock in a transaction dated Tuesday, December 20th. The stock was acquired at an average cost of $11.03 per share, for a total transaction of $201,297.50. Following the completion of the acquisition, the president now directly owns 144,585 shares of the company’s stock, valued at approximately $1,594,772.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Horizon Technology Finance Profile

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