Horizon Technology Finance Co. (NASDAQ:HRZN – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 494,500 shares, a drop of 17.1% from the June 15th total of 596,600 shares. Based on an average daily volume of 229,400 shares, the short-interest ratio is presently 2.2 days. Currently, 1.3% of the shares of the stock are sold short.
Institutional Investors Weigh In On Horizon Technology Finance
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Connecticut Wealth Management LLC acquired a new position in Horizon Technology Finance during the first quarter worth $2,393,000. International Assets Investment Management LLC acquired a new position in Horizon Technology Finance during the fourth quarter worth $954,000. First Financial Bank Trust Division acquired a new position in Horizon Technology Finance during the second quarter worth $520,000. Green Alpha Advisors LLC boosted its stake in Horizon Technology Finance by 15.1% during the first quarter. Green Alpha Advisors LLC now owns 228,943 shares of the investment management company’s stock worth $2,603,000 after buying an additional 29,956 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Horizon Technology Finance during the first quarter worth $257,000. Institutional investors and hedge funds own 4.94% of the company’s stock.
Horizon Technology Finance Trading Up 0.3 %
HRZN traded up $0.04 on Friday, hitting $12.50. 193,340 shares of the company’s stock were exchanged, compared to its average volume of 178,298. Horizon Technology Finance has a fifty-two week low of $10.75 and a fifty-two week high of $13.73. The stock has a market cap of $437.75 million, a price-to-earnings ratio of -29.76 and a beta of 1.24. The firm has a 50-day moving average price of $11.87 and a 200-day moving average price of $12.16.
Horizon Technology Finance Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 17th will be given a $0.11 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.56%. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -314.28%.
Wall Street Analyst Weigh In
Separately, UBS Group cut their target price on shares of Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company in a research note 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.38.
View Our Latest Report on Horizon Technology Finance
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.
Further Reading
- Five stocks we like better than Horizon Technology Finance
- How to Calculate Stock Profit
- Top 3 Defense Stocks That Should Be on Your Radar
- How to Choose Top Rated Stocks
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- What Are Trending Stocks? Trending Stocks Explained
- MarketBeat Week in Review – 7/8 – 7/12
Receive News & Ratings for Horizon Technology Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Technology Finance and related companies with MarketBeat.com's FREE daily email newsletter.