Horizon Technology Finance Corp (NASDAQ:HRZN) President Gerald A. Michaud purchased 3,500 shares of Horizon Technology Finance stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of $12.00 per share, with a total value of $42,000.00. Following the transaction, the president now owns 77,128 shares in the company, valued at $925,536. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
HRZN stock traded up $0.01 during mid-day trading on Friday, reaching $11.99. The company’s stock had a trading volume of 1,756 shares, compared to its average volume of 67,982. The stock has a market cap of $161.80 million, a PE ratio of 9.46 and a beta of 0.68. Horizon Technology Finance Corp has a fifty-two week low of $10.05 and a fifty-two week high of $13.48. The company’s 50 day moving average is $12.05 and its two-hundred day moving average is $12.08.
Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, July 30th. The investment management company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.07. The company had revenue of $10.47 million during the quarter. Horizon Technology Finance had a net margin of 42.51% and a return on equity of 11.02%.
A number of hedge funds have recently added to or reduced their stakes in HRZN. Virtus ETF Advisers LLC acquired a new stake in Horizon Technology Finance in the 2nd quarter valued at about $1,906,000. Marshall Wace LLP acquired a new stake in Horizon Technology Finance in the 1st quarter valued at about $961,000. CWM LLC acquired a new stake in Horizon Technology Finance in the 2nd quarter valued at about $104,000. Marshall Wace North America L.P. acquired a new stake in Horizon Technology Finance in the 1st quarter valued at about $62,000. Finally, FNY Investment Advisers LLC acquired a new stake in Horizon Technology Finance in the 1st quarter valued at about $57,000. Institutional investors own 10.13% of the company’s stock.
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, and cleantech industries.
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