First Affirmative Financial Network Makes New Investment in Horizon Technology Finance Co. (NASDAQ:HRZN)

First Affirmative Financial Network bought a new stake in Horizon Technology Finance Co. (NASDAQ:HRZN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,130 shares of the investment management company’s stock, valued at approximately $145,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Mutual Advisors LLC purchased a new stake in Horizon Technology Finance in the 4th quarter valued at approximately $106,000. Green Alpha Advisors LLC boosted its stake in shares of Horizon Technology Finance by 28.1% in the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock valued at $2,611,000 after buying an additional 63,709 shares in the last quarter. First Financial Bank Trust Division boosted its stake 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 in the last quarter. JPMorgan Chase & Co. acquired a new position in Horizon Technology Finance during the third quarter worth $117,000. Finally, Paloma Partners Management Co purchased a new position in Horizon Technology Finance in the third quarter worth $348,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, President Gerald A. Michaud purchased 8,000 shares of the stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the acquisition, the president now directly owns 169,309 shares in the company, valued at $1,576,266.79. This represents a 4.96 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Balkin acquired 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of $8.53 per share, with a total value of $170,600.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $170,600. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.34% of the company’s stock.

Analyst Upgrades and Downgrades

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 investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, Horizon Technology Finance currently has a consensus rating of “Hold” and an average target price of $9.35.

Horizon Technology Finance Stock Performance

HRZN opened at $9.34 on Friday. Horizon Technology Finance Co. has a one year low of $8.46 and a one year high of $13.42. The company has a market cap of $372.48 million, a price-to-earnings ratio of -77.83 and a beta of 1.21. The business’s fifty day moving average is $9.18 and its two-hundred day moving average is $10.20.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings data on Tuesday, October 29th. The investment management company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $24.56 million during the quarter, compared to analyst estimates of $25.38 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. During the same period in the previous year, the company posted $0.53 earnings per share. On average, analysts predict that Horizon Technology Finance Co. will post 1.38 EPS for the current fiscal year.

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.