JPMorgan Chase & Co. Purchases Shares of 11,029 Horizon Technology Finance Co. (NASDAQ:HRZN)

JPMorgan Chase & Co. purchased a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,029 shares of the investment management company’s stock, valued at approximately $117,000.

A number of other hedge funds have also recently added to or reduced their stakes in HRZN. Farther Finance Advisors LLC bought a new stake in Horizon Technology Finance during the 3rd quarter worth approximately $25,000. Private Trust Co. NA purchased a new stake in shares of Horizon Technology Finance during the 3rd quarter valued at approximately $38,000. Quantbot Technologies LP purchased a new position in shares of Horizon Technology Finance in the third quarter valued at $99,000. Adell Harriman & Carpenter Inc. bought a new position in Horizon Technology Finance in the 3rd quarter worth about $128,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Horizon Technology Finance during the third quarter worth about $217,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Horizon Technology Finance Stock Performance

Shares of NASDAQ:HRZN opened at $9.39 on Monday. Horizon Technology Finance Co. has a fifty-two week low of $8.46 and a fifty-two week high of $13.42. The business has a 50-day simple moving average of $9.18 and a two-hundred day simple moving average of $10.15. The firm has a market cap of $374.47 million, a price-to-earnings ratio of -78.25 and a beta of 1.21.

Wall Street Analysts Forecast Growth

Separately, Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective on the stock in a report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.35.

Insider Activity

In related news, President Gerald A. Michaud acquired 8,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the acquisition, the president now directly owns 169,309 shares in the company, valued at $1,576,266.79. The trade was a 4.96 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Balkin purchased 20,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $170,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.34% of the company’s stock.

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.