Cetera Investment Advisers Has $594,000 Stock Position in Horizon Technology Finance Corporation (NASDAQ:HRZN)

Cetera Investment Advisers raised its holdings in Horizon Technology Finance Corporation (NASDAQ:HRZN) by 20.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,008 shares of the investment management company’s stock after acquiring an additional 10,603 shares during the quarter. Cetera Investment Advisers owned about 0.16% of Horizon Technology Finance worth $594,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

HRZN has been the subject of several research analyst reports. Maxim Group decreased their price objective on Horizon Technology Finance from $10.00 to $7.50 and set a “buy” rating for the company in a research report on Monday, August 11th. B. Riley began coverage on Horizon Technology Finance in a research note on Tuesday, May 13th. They issued a “neutral” rating and a $7.00 price target on the stock. Compass Point lowered Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $6.50 target price on the stock. in a report on Wednesday, April 30th. Finally, UBS Group lifted their target price on Horizon Technology Finance from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Horizon Technology Finance has a consensus rating of “Hold” and a consensus price target of $7.30.

Horizon Technology Finance Trading Down 1.1%

Shares of HRZN stock opened at $7.06 on Friday. The business’s 50-day moving average price is $7.65 and its 200-day moving average price is $8.29. Horizon Technology Finance Corporation has a 12 month low of $6.77 and a 12 month high of $11.29. The firm has a market capitalization of $300.40 million, a price-to-earnings ratio of -6.14 and a beta of 0.99.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings results on Thursday, August 7th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Horizon Technology Finance had a positive return on equity of 14.02% and a negative net margin of 48.76%. The firm had revenue of ($9.89) million for the quarter, compared to analyst estimates of $24.54 million. On average, sell-side analysts predict that Horizon Technology Finance Corporation will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, November 17th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, November 17th. This represents a c) annualized dividend and a yield of 18.7%. Horizon Technology Finance’s dividend payout ratio is -114.78%.

About Horizon Technology Finance

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.