Creekmur Asset Management LLC Invests $52,000 in Horizon Technology Finance Co. (NASDAQ:HRZN)

Creekmur Asset Management LLC purchased a new stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,920 shares of the investment management company’s stock, valued at approximately $52,000.

Other large investors have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. raised its position in Horizon Technology Finance by 25,158.3% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 3,031 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 3,019 shares in the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of Horizon Technology Finance during the fourth quarter valued at $56,000. Capstone Investment Advisors LLC bought a new stake in shares of Horizon Technology Finance in the fourth quarter valued at about $132,000. Sheaff Brock Investment Advisors LLC purchased a new stake in Horizon Technology Finance in the fourth quarter worth about $134,000. Finally, Jump Financial LLC bought a new position in Horizon Technology Finance during the 3rd quarter worth about $175,000. Hedge funds and other institutional investors own 4.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HRZN shares. LADENBURG THALM/SH SH reaffirmed a “neutral” rating on shares of Horizon Technology Finance in a research report on Wednesday, February 28th. Oppenheimer dropped their target price on Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, March 1st. Finally, UBS Group reduced their price target on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company in a research report on Monday, March 18th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, Horizon Technology Finance has an average rating of “Hold” and a consensus price target of $10.38.

Horizon Technology Finance Trading Down 0.9 %

NASDAQ HRZN opened at $11.99 on Monday. The firm’s fifty day simple moving average is $11.66 and its two-hundred day simple moving average is $12.29. The firm has a market capitalization of $419.89 million, a P/E ratio of -28.55 and a beta of 1.22. Horizon Technology Finance Co. has a 12-month low of $10.75 and a 12-month high of $13.73.

Horizon Technology Finance (NASDAQ:HRZN) last announced its earnings results on Tuesday, April 30th. The investment management company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Horizon Technology Finance had a positive return on equity of 17.98% and a negative net margin of 12.40%. The firm had revenue of $26.13 million for the quarter, compared to the consensus estimate of $26.83 million. As a group, sell-side analysts predict that Horizon Technology Finance Co. will post 1.48 earnings per share for the current fiscal year.

Horizon Technology Finance Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, June 17th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 11.01%. The ex-dividend date of this dividend is Monday, June 17th. Horizon Technology Finance’s payout ratio is currently -314.28%.

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.