Strategic Financial Concepts LLC Buys Shares of 87,653 Horizon Technology Finance Co. (NASDAQ:HRZN)

Strategic Financial Concepts LLC purchased a new position in shares of Horizon Technology Finance Co. (NASDAQ:HRZN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 87,653 shares of the investment management company’s stock, valued at approximately $788,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HRZN. Green Alpha Advisors LLC raised 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 acquiring an additional 63,709 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Horizon Technology Finance by 810.1% during the 3rd quarter. International Assets Investment Management LLC now owns 50,055 shares of the investment management company’s stock worth $5,330,000 after purchasing an additional 44,555 shares during the period. Paloma Partners Management Co acquired a new stake in Horizon Technology Finance in the 3rd quarter valued at about $348,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Horizon Technology Finance in the 3rd quarter valued at about $217,000. Finally, First Affirmative Financial Network acquired a new position in shares of Horizon Technology Finance during the fourth quarter worth about $145,000. Hedge funds and other institutional investors own 4.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Compass Point raised 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 report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.35.

Horizon Technology Finance Stock Performance

Shares of NASDAQ HRZN opened at $9.62 on Wednesday. The stock’s 50-day simple moving average is $9.20 and its 200-day simple moving average is $10.01. The firm has a market capitalization of $383.65 million, a PE ratio of -80.17 and a beta of 1.22. Horizon Technology Finance Co. has a fifty-two week low of $8.46 and a fifty-two week high of $13.42.

Insiders Place Their Bets

In related news, Director Michael Balkin bought 20,000 shares of the stock in a transaction dated Monday, December 16th. The stock was acquired at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $170,600. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Gerald A. Michaud purchased 8,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 1.34% of the stock is owned by corporate insiders.

Horizon Technology Finance 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.