First Financial Bank Trust Division Has $411,000 Position in Horizon Technology Finance Co. (NASDAQ:HRZN)

First Financial Bank Trust Division lifted its holdings in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 45,725 shares of the investment management company’s stock after purchasing an additional 2,173 shares during the period. First Financial Bank Trust Division owned 0.12% of Horizon Technology Finance worth $411,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Horizon Technology Finance in the 2nd quarter worth approximately $66,000. Commonwealth Equity Services LLC raised its position in shares of 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 worth $286,000 after acquiring an additional 1,113 shares during the last quarter. ETF Store Inc. raised its position in shares of Horizon Technology Finance by 4.4% during the second 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 last quarter. Green Alpha Advisors LLC lifted its stake in shares of Horizon Technology Finance by 1.8% during the third quarter. Green Alpha Advisors LLC now owns 226,738 shares of the investment management company’s stock valued at $2,415,000 after acquiring an additional 3,928 shares during the period. Finally, Adell Harriman & Carpenter Inc. bought a new position in Horizon Technology Finance in the third quarter valued at about $128,000. 4.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, President Gerald A. Michaud bought 8,000 shares of the stock in a transaction on Monday, November 25th. The stock was purchased at an average price of $9.31 per share, for a total transaction of $74,480.00. Following the acquisition, the president now owns 169,309 shares in the company, valued at approximately $1,576,266.79. This trade represents a 4.96 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael Balkin purchased 20,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was purchased 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 in the company, valued at approximately $170,600. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.

Horizon Technology Finance Price Performance

Shares of Horizon Technology Finance stock traded up $0.12 during trading on Thursday, hitting $9.11. 335,704 shares of the company were exchanged, compared to its average volume of 320,740. The firm has a market capitalization of $346.73 million, a P/E ratio of -75.92 and a beta of 1.22. The firm’s fifty day moving average price is $9.29 and its 200 day moving average price is $10.60. Horizon Technology Finance Co. has a 1-year low of $8.46 and a 1-year high of $13.73.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, October 29th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $24.56 million during the quarter, compared to analyst estimates of $25.38 million. During the same quarter last year, the business posted $0.53 earnings per share. As a group, equities research analysts anticipate that Horizon Technology Finance Co. will post 1.38 earnings per share for the current year.

Horizon Technology Finance Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a $0.11 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.32 dividend on an annualized basis and a yield of 14.49%. Horizon Technology Finance’s payout ratio is -1,100.00%.

Analysts Set New Price Targets

Separately, Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price on the stock in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.35.

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.