Insider Buying: Horizon Technology Finance Co. (NASDAQ:HRZN) President Acquires 8,000 Shares of Stock

Horizon Technology Finance Co. (NASDAQ:HRZN) President Gerald A. Michaud acquired 8,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price of $9.31 per share, with a total value of $74,480.00. Following the acquisition, the president now owns 169,309 shares of the company’s stock, valued at approximately $1,576,266.79. This trade represents a 4.96 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Horizon Technology Finance Stock Down 0.2 %

Shares of HRZN traded down $0.02 on Monday, hitting $9.32. The company’s stock had a trading volume of 367,427 shares, compared to its average volume of 303,694. The firm’s fifty day moving average price is $9.94 and its 200-day moving average price is $11.02. Horizon Technology Finance Co. has a fifty-two week low of $9.07 and a fifty-two week high of $13.73. The firm has a market capitalization of $354.72 million, a price-to-earnings ratio of -78.08 and a beta of 1.24.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings data on Tuesday, October 29th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $24.56 million for the quarter, compared to the consensus estimate of $25.38 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. During the same period in the prior year, the company earned $0.53 EPS. As a group, equities analysts predict that Horizon Technology Finance Co. 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 Wednesday, January 15th. Stockholders of record on Monday, December 16th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.32 annualized dividend and a dividend yield of 14.16%. Horizon Technology Finance’s dividend payout ratio is currently -1,100.00%.

Institutional Investors Weigh In On Horizon Technology Finance

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new position in Horizon Technology Finance in the 3rd quarter valued at about $25,000. Private Trust Co. NA bought a new stake in Horizon Technology Finance in the 3rd quarter valued at $38,000. International Assets Investment Management LLC acquired a new position in Horizon Technology Finance in the 2nd quarter valued at $66,000. Quantbot Technologies LP bought a new position in Horizon Technology Finance during the third quarter worth about $99,000. Finally, Adell Harriman & Carpenter Inc. acquired a new stake in shares of Horizon Technology Finance in the third quarter valued at approximately $128,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

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.