First Affirmative Financial Network Invests $145,000 in Horizon Technology Finance Co. (NASDAQ:HRZN)

First Affirmative Financial Network bought a new stake in Horizon Technology Finance Co. (NASDAQ:HRZN) in the fourth quarter, HoldingsChannel reports. The fund bought 16,130 shares of the investment management company’s stock, valued at approximately $145,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mutual Advisors LLC acquired a new position in shares of Horizon Technology Finance in the 4th quarter valued at $106,000. Green Alpha Advisors LLC raised its position in shares of Horizon Technology Finance by 28.1% in the 4th quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock worth $2,611,000 after buying an additional 63,709 shares during the period. First Financial Bank Trust Division boosted its holdings in 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 acquiring an additional 2,173 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Horizon Technology Finance during the third quarter valued at about $117,000. Finally, Paloma Partners Management Co acquired a new stake in Horizon Technology Finance during the third quarter worth about $348,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Analysts Set New Price Targets

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

Horizon Technology Finance Trading Up 0.9 %

Shares of NASDAQ HRZN opened at $9.34 on Friday. The stock has a fifty day moving average price of $9.18 and a 200 day moving average price of $10.20. The company has a market cap of $372.48 million, a P/E ratio of -77.83 and a beta of 1.21. Horizon Technology Finance Co. has a 12-month low of $8.46 and a 12-month high of $13.42.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.32 EPS 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 company had revenue of $24.56 million for the quarter, compared to analyst estimates of $25.38 million. During the same period last year, the firm posted $0.53 earnings per share. On average, sell-side analysts forecast that Horizon Technology Finance Co. will post 1.38 EPS for the current fiscal year.

Insider Activity

In related news, President Gerald A. Michaud purchased 8,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired 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 owns 169,309 shares in the company, valued at approximately $1,576,266.79. This represents a 4.96 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Balkin acquired 20,000 shares of Horizon Technology Finance stock in a transaction on Monday, December 16th. The shares were bought at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $170,600. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.34% of the company’s stock.

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.