Horizon Technology Finance Co. (NASDAQ:HRZN) Short Interest Update

Horizon Technology Finance Co. (NASDAQ:HRZN) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 984,600 shares, an increase of 15.5% from the October 31st total of 852,400 shares. Based on an average daily trading volume, of 411,900 shares, the days-to-cover ratio is currently 2.4 days. Currently, 2.6% of the company’s shares are sold short.

Horizon Technology Finance Price Performance

HRZN stock opened at $9.34 on Tuesday. The stock’s 50 day simple moving average is $9.94 and its 200 day simple moving average is $11.02. Horizon Technology Finance has a 12-month low of $9.07 and a 12-month 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). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The company had revenue of $24.56 million for the quarter, compared to analyst estimates of $25.38 million. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, sell-side analysts forecast that Horizon Technology Finance 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 Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.32 annualized dividend and a dividend yield of 14.13%. Horizon Technology Finance’s payout ratio is -1,100.00%.

Insiders Place Their Bets

In other news, President Gerald A. Michaud purchased 8,000 shares of the company’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 purchase, the president now directly owns 169,309 shares of the company’s stock, valued at approximately $1,576,266.79. This represents a 4.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Institutional Trading of Horizon Technology Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in HRZN. Farther Finance Advisors LLC acquired a new stake in Horizon Technology Finance during the third quarter valued at approximately $25,000. Private Trust Co. NA acquired a new stake in shares of Horizon Technology Finance in the third quarter worth $38,000. International Assets Investment Management LLC purchased a new position in shares of Horizon Technology Finance during the second quarter valued at $66,000. Quantbot Technologies LP acquired a new position in Horizon Technology Finance during the third quarter valued at $99,000. Finally, Adell Harriman & Carpenter Inc. acquired a new stake in Horizon Technology Finance during the 3rd quarter worth about $128,000. 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.