National Asset Management Inc. purchased a new stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,385 shares of the investment management company’s stock, valued at approximately $145,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in Horizon Technology Finance by 7.4% during the 4th quarter. Advisors Asset Management Inc. now owns 249,486 shares of the investment management company’s stock valued at $3,972,000 after buying an additional 17,252 shares during the period. First Affirmative Financial Network bought a new position in Horizon Technology Finance in the 4th quarter valued at $170,000. Belpointe Asset Management LLC grew its position in Horizon Technology Finance by 89.5% in the 1st quarter. Belpointe Asset Management LLC now owns 24,162 shares of the investment management company’s stock valued at $336,000 after acquiring an additional 11,412 shares during the last quarter. Green Alpha Advisors LLC grew its position in Horizon Technology Finance by 4.6% in the 1st quarter. Green Alpha Advisors LLC now owns 127,663 shares of the investment management company’s stock valued at $1,775,000 after acquiring an additional 5,614 shares during the last quarter. Finally, ETF Store Inc. bought a new position in Horizon Technology Finance in the 4th quarter valued at $355,000. Hedge funds and other institutional investors own 11.30% of the company’s stock.
Insider Transactions at Horizon Technology Finance
In other news, CEO Robert D. Jr. Pomeroy purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were acquired at an average price of $11.30 per share, with a total value of $45,200.00. Following the transaction, the chief executive officer now owns 162,127 shares of the company’s stock, valued at $1,832,035.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Joseph J. Savage acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average price of $11.82 per share, with a total value of $59,100.00. Following the completion of the transaction, the director now directly owns 40,000 shares in the company, valued at $472,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert D. Jr. Pomeroy acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The shares were bought at an average cost of $11.30 per share, for a total transaction of $45,200.00. Following the transaction, the chief executive officer now owns 162,127 shares of the company’s stock, valued at $1,832,035.10. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 26,464 shares of company stock valued at $319,271. 1.50% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Horizon Technology Finance Stock Up 1.2 %
Shares of Horizon Technology Finance stock opened at $13.13 on Tuesday. Horizon Technology Finance Co. has a 52 week low of $10.55 and a 52 week high of $19.08. The stock’s fifty day moving average is $11.89 and its two-hundred day moving average is $13.42. The company has a market capitalization of $314.86 million, a PE ratio of 10.47 and a beta of 1.02.
Horizon Technology Finance (NASDAQ:HRZN – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). Horizon Technology Finance had a return on equity of 11.32% and a net margin of 41.45%. The firm had revenue of $14.20 million for the quarter, compared to the consensus estimate of $14.34 million. During the same period in the previous year, the company posted $0.31 EPS. As a group, research analysts anticipate that Horizon Technology Finance Co. will post 1.24 earnings per share for the current year.
Horizon Technology Finance Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date of this dividend is Wednesday, August 17th. Horizon Technology Finance’s payout ratio is 96.77%.
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, and cleantech industries.
- Get a free copy of the StockNews.com research report on Horizon Technology Finance (HRZN)
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