Horizon Technology Finance Co. (NASDAQ:HRZN) President Gerald A. Michaud Acquires 8,000 Shares

Horizon Technology Finance Co. (NASDAQ:HRZN) President Gerald A. Michaud acquired 8,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were bought at an average cost of $9.31 per share, with a total value of $74,480.00. Following the transaction, the president now directly owns 169,309 shares of the company’s stock, valued at $1,576,266.79. The trade was a 4.96 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Horizon Technology Finance Trading Down 0.2 %

HRZN traded down $0.02 on Monday, hitting $9.32. 367,427 shares of the stock traded hands, compared to its average volume of 303,694. The business has a fifty day moving average price of $9.94 and a two-hundred day moving average price of $11.02. The firm has a market capitalization of $354.72 million, a PE ratio of -78.08 and a beta of 1.24. Horizon Technology Finance Co. has a 52 week low of $9.07 and a 52 week high of $13.73.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, October 29th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $24.56 million for the quarter, compared to the consensus estimate of $25.38 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts forecast that Horizon Technology Finance Co. will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, December 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.16%. Horizon Technology Finance’s payout ratio is presently -1,100.00%.

Institutional Investors Weigh In On Horizon Technology Finance

A number of large investors have recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co lifted its position in shares of Horizon Technology Finance by 17.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,204 shares of the investment management company’s stock worth $367,000 after purchasing an additional 4,795 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Horizon Technology Finance in the 1st quarter valued at $257,000. International Assets Investment Management LLC bought a new stake in shares of Horizon Technology Finance during the second quarter worth $66,000. Commonwealth Equity Services LLC lifted its stake in shares of Horizon Technology Finance by 4.9% during the second quarter. Commonwealth Equity Services LLC now owns 23,776 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 1,113 shares during the period. Finally, ETF Store Inc. lifted its stake in shares of Horizon Technology Finance by 4.4% during the second quarter. ETF Store Inc. now owns 50,942 shares of the investment management company’s stock valued at $613,000 after acquiring an additional 2,136 shares during the period. 4.94% of the stock is currently owned by institutional investors.

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.