Y Intercept Hong Kong Ltd Acquires Shares of 16,498 Horizon Technology Finance Co. (NASDAQ:HRZN)

Y Intercept Hong Kong Ltd bought a new position in Horizon Technology Finance Co. (NASDAQ:HRZN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 16,498 shares of the investment management company’s stock, valued at approximately $148,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Strategic Financial Concepts LLC bought a new stake in Horizon Technology Finance during the fourth quarter worth $788,000. First Affirmative Financial Network purchased a new stake in shares of Horizon Technology Finance during the 4th quarter valued at $145,000. Mutual Advisors LLC bought a new stake in shares of Horizon Technology Finance during the 4th quarter worth $106,000. Green Alpha Advisors LLC boosted its holdings in shares of Horizon Technology Finance by 28.1% in the 4th quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock worth $2,611,000 after buying an additional 63,709 shares during the last quarter. Finally, First Financial Bank Trust Division grew its position in Horizon Technology Finance by 5.0% during the fourth quarter. First Financial Bank Trust Division now owns 45,725 shares of the investment management company’s stock valued at $411,000 after buying an additional 2,173 shares during the period. Hedge funds and other institutional investors own 4.94% of the company’s stock.

Horizon Technology Finance Trading Down 9.9 %

HRZN opened at $8.65 on Thursday. Horizon Technology Finance Co. has a 12 month low of $8.46 and a 12 month high of $12.63. The company has a market cap of $344.93 million, a PE ratio of -72.08 and a beta of 1.22. The company has a 50 day moving average of $9.39 and a 200 day moving average of $9.83.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates 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%. The company had revenue of $23.55 million during the quarter, compared to the consensus estimate of $25.69 million. Research analysts forecast that Horizon Technology Finance Co. will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Horizon Technology Finance

In other news, Director Michael Balkin bought 20,000 shares of the stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $8.53 per share, for a total transaction of $170,600.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $170,600. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.34% of the company’s stock.

Wall Street Analysts Forecast Growth

HRZN has been the topic of several research analyst reports. StockNews.com downgraded Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target on the stock in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, Horizon Technology Finance currently has a consensus rating of “Reduce” and a consensus target price of $9.19.

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.