Advisors Asset Management Inc. lessened its holdings in Horizon Technology Finance Corp (NASDAQ:HRZN) by 22.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,227 shares of the investment management company’s stock after selling 71,516 shares during the quarter. Advisors Asset Management Inc. owned 2.12% of Horizon Technology Finance worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission.
HRZN stock opened at $10.23 on Friday. Horizon Technology Finance Corp has a 12-month low of $9.92 and a 12-month high of $11.97. The company has a market cap of $116.22 million, a PE ratio of 9.56 and a beta of 0.86.
Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, July 31st. The investment management company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. Horizon Technology Finance had a net margin of 39.15% and a return on equity of 9.41%. The company had revenue of $7.31 million during the quarter, compared to the consensus estimate of $7.20 million. Sell-side analysts anticipate that Horizon Technology Finance Corp will post 1.14 earnings per share for the current 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, and cleantech industries.
Further Reading: Put Option
Receive News & Ratings for Horizon Technology Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Technology Finance and related companies with MarketBeat.com's FREE daily email newsletter.