Crew Capital Management Ltd. Invests $99,000 in Horizon Technology Finance Co. (NASDAQ:HRZN)

Crew Capital Management Ltd. purchased a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,057 shares of the investment management company’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new position in shares of Horizon Technology Finance during the 4th quarter worth $148,000. Strategic Financial Concepts LLC purchased a new position in shares of Horizon Technology Finance during the 4th quarter worth $788,000. First Affirmative Financial Network purchased a new position in shares of Horizon Technology Finance during the 4th quarter worth $145,000. Mutual Advisors LLC purchased a new position in shares of Horizon Technology Finance during the 4th quarter worth $106,000. Finally, Green Alpha Advisors LLC lifted its stake in shares of Horizon Technology Finance by 28.1% during the 4th quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock valued at $2,611,000 after buying an additional 63,709 shares in the last quarter. Hedge funds and other institutional investors own 4.94% of the company’s stock.

Horizon Technology Finance Stock Performance

HRZN opened at $9.60 on Wednesday. The stock has a market cap of $382.81 million, a price-to-earnings ratio of -80.00 and a beta of 1.22. Horizon Technology Finance Co. has a fifty-two week low of $8.46 and a fifty-two week high of $12.63. The firm’s fifty day moving average is $9.39 and its 200 day moving average is $9.84.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 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%. On average, equities research analysts predict that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on HRZN. Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price on the stock in a research note on Tuesday, December 17th. StockNews.com cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $9.19.

Insiders Place Their Bets

In related news, Director Michael Balkin purchased 20,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were acquired at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $170,600. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.34% of the company’s stock.

Horizon Technology Finance 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.