Astoria Portfolio Advisors LLC. Sells 2,318 Shares of Horizon Technology Finance Co. (NASDAQ:HRZN)

Astoria Portfolio Advisors LLC. cut its position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) by 13.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,605 shares of the investment management company’s stock after selling 2,318 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Horizon Technology Finance were worth $164,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in Horizon Technology Finance during the 3rd quarter worth approximately $517,000. Financial Gravity Asset Management Inc. grew 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 worth $33,000 after acquiring an additional 3,019 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in Horizon Technology Finance by 15.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 19,381 shares of the investment management company’s stock worth $255,000 after acquiring an additional 2,627 shares during the last quarter. International Assets Investment Management LLC bought a new position in Horizon Technology Finance during the 4th quarter worth approximately $954,000. Finally, ETF Store Inc. grew its position in Horizon Technology Finance by 10.8% during the 4th quarter. ETF Store Inc. now owns 47,648 shares of the investment management company’s stock worth $628,000 after acquiring an additional 4,660 shares during the last quarter. 4.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their price target on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating on the stock in a research report on Monday, March 18th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.38.

Horizon Technology Finance Stock Performance

NASDAQ HRZN opened at $12.04 on Friday. Horizon Technology Finance Co. has a fifty-two week low of $10.75 and a fifty-two week high of $13.73. The stock has a 50 day simple moving average of $11.76 and a two-hundred day simple moving average of $12.24. The stock has a market cap of $421.65 million, a P/E ratio of -28.67 and a beta of 1.22.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data 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 business had revenue of $26.13 million during the quarter, compared to analysts’ expectations of $26.83 million. Sell-side analysts predict that Horizon Technology Finance Co. will post 1.48 earnings per share for the current year.

Horizon Technology Finance Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 17th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 10.96%. The ex-dividend date is Wednesday, July 17th. Horizon Technology Finance’s dividend payout ratio (DPR) is currently -314.29%.

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.