Quantbot Technologies LP Sells 8,965 Shares of Horizon Technology Finance Corporation $HRZN

Quantbot Technologies LP decreased its stake in Horizon Technology Finance Corporation (NASDAQ:HRZN) by 67.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,325 shares of the investment management company’s stock after selling 8,965 shares during the period. Quantbot Technologies LP’s holdings in Horizon Technology Finance were worth $41,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in HRZN. Envestnet Asset Management Inc. raised its position in Horizon Technology Finance by 32.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,344 shares of the investment management company’s stock worth $237,000 after acquiring an additional 6,416 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Horizon Technology Finance in the fourth quarter worth about $124,000. Aquatic Capital Management LLC purchased a new position in shares of Horizon Technology Finance in the fourth quarter worth about $265,000. Jane Street Group LLC purchased a new position in shares of Horizon Technology Finance in the fourth quarter worth about $447,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Horizon Technology Finance in the fourth quarter worth about $173,000. Institutional investors own 4.94% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HRZN. UBS Group lifted their target price 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. Maxim Group reduced their target price on shares of Horizon Technology Finance from $10.00 to $7.50 and set a “buy” rating for the company in a research note on Monday, August 11th. Finally, B. Riley began 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. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $7.30.

Horizon Technology Finance Trading Up 0.3%

Shares of NASDAQ:HRZN opened at $6.90 on Friday. The company has a 50 day moving average of $7.54 and a 200 day moving average of $8.11. The stock has a market cap of $293.60 million, a P/E ratio of -6.00 and a beta of 0.99. Horizon Technology Finance Corporation has a 12 month low of $6.77 and a 12 month high of $11.15.

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

Horizon Technology Finance Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Thursday, October 16th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a c) annualized dividend and a yield of 19.1%. Horizon Technology Finance’s payout ratio is currently -114.78%.

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.