3,800 Shares in Horizon Technology Finance Corporation (NASDAQ:HRZN) Acquired by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC acquired a new stake in Horizon Technology Finance Corporation (NASDAQ:HRZN) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,800 shares of the investment management company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Horizon Technology Finance in the 4th quarter valued at about $124,000. Brevan Howard Capital Management LP grew its stake in shares of Horizon Technology Finance by 15.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 16,093 shares of the investment management company’s stock valued at $145,000 after purchasing an additional 2,108 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Horizon Technology Finance in the fourth quarter valued at approximately $173,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Horizon Technology Finance during the fourth quarter worth approximately $220,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Horizon Technology Finance by 32.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 26,344 shares of the investment management company’s stock worth $237,000 after purchasing an additional 6,416 shares during the last quarter. Hedge funds and other institutional investors own 4.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HRZN. Keefe, Bruyette & Woods lowered their price objective on shares of Horizon Technology Finance from $8.00 to $7.50 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. B. Riley initiated coverage on shares of Horizon Technology Finance in a research note on Tuesday, May 13th. They issued a “neutral” rating and a $7.00 target price for the company. UBS Group boosted their price target on shares of Horizon Technology Finance from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Finally, Compass Point cut shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $6.50 price target for the company. in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.40.

Horizon Technology Finance Stock Performance

NASDAQ:HRZN opened at $7.84 on Friday. Horizon Technology Finance Corporation has a 1 year low of $7.09 and a 1 year high of $12.04. The stock has a fifty day moving average price of $7.68 and a two-hundred day moving average price of $8.44. The stock has a market capitalization of $316.34 million, a price-to-earnings ratio of -8.62 and a beta of 0.99.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, April 29th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). Horizon Technology Finance had a negative net margin of 36.34% and a positive return on equity of 13.98%. The company had revenue of $24.52 million during the quarter, compared to analysts’ expectations of $26.67 million. On average, analysts predict that Horizon Technology Finance Corporation will post 1.38 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.11 per share. This represents a dividend yield of 1,806.0%. The ex-dividend date was Monday, June 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -145.05%.

Horizon Technology Finance 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.