Eqis Capital Management Inc. Takes Position in Horizon Technology Finance Corp (NASDAQ:HRZN)

Eqis Capital Management Inc. acquired a new stake in Horizon Technology Finance Corp (NASDAQ:HRZN) in the third quarter, HoldingsChannel reports. The firm acquired 14,433 shares of the investment management company’s stock, valued at approximately $171,000.

Other large investors have also recently bought and sold shares of the company. Advantage Investment Management LLC acquired a new position in shares of Horizon Technology Finance in the third quarter valued at approximately $238,000. CWM LLC acquired a new position in shares of Horizon Technology Finance in the second quarter valued at approximately $104,000. Royal Bank of Canada raised its position in shares of Horizon Technology Finance by 5.8% in the second quarter. Royal Bank of Canada now owns 22,627 shares of the investment management company’s stock valued at $267,000 after buying an additional 1,250 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Horizon Technology Finance by 11.0% in the second quarter. Wells Fargo & Company MN now owns 31,961 shares of the investment management company’s stock valued at $377,000 after buying an additional 3,169 shares during the last quarter. Finally, Virtus ETF Advisers LLC acquired a new position in shares of Horizon Technology Finance in the second quarter valued at approximately $1,906,000. 10.56% of the stock is owned by institutional investors and hedge funds.

Shares of HRZN stock opened at $12.72 on Tuesday. Horizon Technology Finance Corp has a one year low of $10.30 and a one year high of $13.48. The company has a 50 day moving average price of $12.16 and a 200 day moving average price of $11.95. The firm has a market capitalization of $185.71 million, a price-to-earnings ratio of 9.04 and a beta of 0.67.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings results on Tuesday, October 29th. The investment management company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.30 by $0.12. Horizon Technology Finance had a net margin of 41.04% and a return on equity of 11.68%. The firm had revenue of $11.38 million during the quarter. Sell-side analysts anticipate that Horizon Technology Finance Corp will post 1.35 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on the stock. Maxim Group reissued a “buy” rating and issued a $13.00 price objective on shares of Horizon Technology Finance in a research report on Tuesday, August 6th. Janney Montgomery Scott assumed coverage on shares of Horizon Technology Finance in a research report on Monday, October 28th. They set a “neutral” rating for the company. Finally, ValuEngine lowered shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Horizon Technology Finance has a consensus rating of “Hold” and an average target price of $12.00.

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, and cleantech industries.

See Also: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for Horizon Technology Finance (NASDAQ:HRZN)

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