Virtu Financial LLC Purchases New Position in Horizon Technology Finance Co. (NASDAQ:HRZN)

Virtu Financial LLC acquired a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) in the 4th quarter, Holdings Channel.com reports. The firm acquired 31,729 shares of the investment management company’s stock, valued at approximately $285,000.

Several other hedge funds have also recently bought and sold shares of the stock. Green Alpha Advisors LLC increased its stake in shares of Horizon Technology Finance by 28.1% during the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock worth $2,611,000 after purchasing an additional 63,709 shares during the period. Strategic Financial Concepts LLC acquired a new position in Horizon Technology Finance in the 4th quarter valued at $788,000. First Financial Bank Trust Division increased its position in Horizon Technology Finance by 5.0% during the 4th quarter. First Financial Bank Trust Division now owns 45,725 shares of the investment management company’s stock worth $411,000 after buying an additional 2,173 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Horizon Technology Finance during the fourth quarter worth $406,000. Finally, Paloma Partners Management Co bought a new stake in shares of Horizon Technology Finance in the third quarter valued at about $348,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HRZN shares. StockNews.com lowered shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Maxim Group decreased their target price on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target for the company in a research report on Tuesday, December 17th. Finally, Keefe, Bruyette & Woods reduced their price target on Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Friday, March 7th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Horizon Technology Finance has a consensus rating of “Hold” and an average target price of $9.56.

Horizon Technology Finance Stock Up 1.9 %

Shares of Horizon Technology Finance stock opened at $9.48 on Friday. The firm’s 50-day moving average price is $9.42 and its two-hundred day moving average price is $9.64. The company has a market capitalization of $382.19 million, a price-to-earnings ratio of -79.00 and a beta of 1.18. Horizon Technology Finance Co. has a 12-month low of $8.46 and a 12-month high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. The firm had revenue of $23.55 million for the quarter, compared to analyst estimates of $25.69 million. On average, sell-side analysts expect that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.

Horizon Technology Finance Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 13.92%. Horizon Technology Finance’s dividend payout ratio (DPR) is currently -1,100.00%.

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.