Dynamic Technology Lab Private Ltd Purchases Shares of 20,373 Horizon Technology Finance Co. (NASDAQ:HRZN)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,373 shares of the investment management company’s stock, valued at approximately $217,000. Dynamic Technology Lab Private Ltd owned about 0.05% of Horizon Technology Finance at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HRZN. CANADA LIFE ASSURANCE Co raised its holdings in Horizon Technology Finance by 17.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,204 shares of the investment management company’s stock worth $367,000 after purchasing an additional 4,795 shares during the last quarter. Virtu Financial LLC bought a new position in Horizon Technology Finance during the first quarter worth $257,000. International Assets Investment Management LLC acquired a new position in Horizon Technology Finance in the second quarter valued at $66,000. Commonwealth Equity Services LLC boosted its position in Horizon Technology Finance by 4.9% during the second quarter. Commonwealth Equity Services LLC now owns 23,776 shares of the investment management company’s stock valued at $286,000 after acquiring an additional 1,113 shares during the last quarter. Finally, ETF Store Inc. grew its holdings in Horizon Technology Finance by 4.4% during the 2nd quarter. ETF Store Inc. now owns 50,942 shares of the investment management company’s stock worth $613,000 after acquiring an additional 2,136 shares during the period. 4.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Horizon Technology Finance

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 acquired at an average cost of $9.31 per share, with a total value of $74,480.00. Following the purchase, the president now owns 169,309 shares in the company, valued at $1,576,266.79. This represents a 4.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Horizon Technology Finance Price Performance

Shares of NASDAQ:HRZN opened at $9.34 on Tuesday. The business’s 50-day moving average is $9.94 and its 200-day moving average is $11.02. Horizon Technology Finance Co. has a 1 year low of $9.07 and a 1 year high of $13.73. The company has a market capitalization of $355.48 million, a price-to-earnings ratio of -77.67 and a beta of 1.24.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results 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 positive return on equity of 15.78% and a negative net margin of 3.69%. The business had revenue of $24.56 million for the quarter, compared to the consensus estimate of $25.38 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. Analysts anticipate that Horizon Technology Finance Co. will post 1.38 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be issued 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 14.13%. Horizon Technology Finance’s dividend payout ratio is currently -1,100.00%.

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.