Magnetar Financial LLC Acquires New Holdings in Horizon Technology Finance Co. (NASDAQ:HRZN)

Magnetar Financial LLC acquired a new stake in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 45,128 shares of the investment management company’s stock, valued at approximately $406,000. Magnetar Financial LLC owned 0.11% of Horizon Technology Finance as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HRZN. First Financial Bank Trust Division boosted its holdings in shares of Horizon Technology Finance by 5.0% in 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. Private Trust Co. NA acquired a new position in shares of Horizon Technology Finance in the third quarter valued at approximately $38,000. Quantbot Technologies LP acquired a new position in shares of Horizon Technology Finance in the third quarter valued at approximately $99,000. JPMorgan Chase & Co. acquired a new position in shares of Horizon Technology Finance in the third quarter valued at approximately $117,000. Finally, Crew Capital Management Ltd. acquired a new position in shares of Horizon Technology Finance in the fourth quarter valued at approximately $99,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Analysts Set New Price Targets

HRZN has been the subject of several research analyst reports. Maxim Group reduced their price target on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating for the company in a report on Monday, March 10th. StockNews.com lowered shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods cut their price objective on shares of Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Friday, March 7th. Finally, Compass Point raised shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective on the stock in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.56.

Horizon Technology Finance Trading Down 0.9 %

NASDAQ HRZN opened at $9.23 on Friday. The firm’s fifty day moving average price is $9.42 and its two-hundred day moving average price is $9.67. Horizon Technology Finance Co. has a 1 year low of $8.46 and a 1 year high of $12.63. The firm has a market capitalization of $372.11 million, a P/E ratio of -76.92 and a beta of 1.18.

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

Horizon Technology Finance Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 14.30%. The ex-dividend date is Wednesday, April 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is currently -1,100.00%.

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.