Trexquant Investment LP Acquires 131,505 Shares of Horizon Technology Finance Co. (NASDAQ:HRZN)

Trexquant Investment LP lifted its stake in Horizon Technology Finance Co. (NASDAQ:HRZN) by 196.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 198,451 shares of the investment management company’s stock after acquiring an additional 131,505 shares during the period. Trexquant Investment LP owned 0.50% of Horizon Technology Finance worth $1,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Financial Bank Trust Division grew its holdings 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 purchasing an additional 2,173 shares during the last quarter. Quantbot Technologies LP grew its stake in Horizon Technology Finance by 43.0% in the 4th quarter. Quantbot Technologies LP now owns 13,290 shares of the investment management company’s stock valued at $119,000 after buying an additional 3,996 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Horizon Technology Finance in the 3rd quarter worth $117,000. Crew Capital Management Ltd. acquired a new position in Horizon Technology Finance during the 4th quarter worth $99,000. Finally, Mutual Advisors LLC bought a new stake in Horizon Technology Finance during the fourth quarter valued at about $106,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. StockNews.com cut Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Compass Point upgraded Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target for the company in a report on Tuesday, December 17th. Keefe, Bruyette & Woods lowered their price objective on shares of Horizon Technology Finance from $8.00 to $7.50 and set an “underperform” rating on the stock in a research note on Tuesday. Finally, Maxim Group cut their target price on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Horizon Technology Finance currently has an average rating of “Hold” and a consensus price target of $9.44.

Horizon Technology Finance Stock Performance

Shares of NASDAQ:HRZN opened at $7.92 on Wednesday. The business has a fifty day moving average of $9.34 and a 200-day moving average of $9.49. Horizon Technology Finance Co. has a twelve month low of $7.81 and a twelve month high of $12.63. The firm has a market cap of $319.29 million, a PE ratio of -66.00 and a beta of 1.08.

Horizon Technology Finance (NASDAQ:HRZN) last announced its earnings results on Tuesday, March 4th. The investment management company reported $0.27 earnings per share 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. On average, analysts anticipate that Horizon Technology Finance Co. will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 16.67%. The ex-dividend date of this dividend is Wednesday, April 16th. Horizon Technology Finance’s dividend payout ratio is -1,100.00%.

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.