Advisors Asset Management Inc. Has $2.46 Million Holdings in Horizon Technology Finance Corp (HRZN)

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.



HRZN has been the topic of a number of analyst reports. Compass Point lowered Horizon Technology Finance from a “neutral” rating to a “sell” rating in a report on Wednesday, August 1st. National Securities reaffirmed a “neutral” rating and issued a $11.00 price objective on shares of Horizon Technology Finance in a report on Monday, August 6th. Zacks Investment Research downgraded shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. TheStreet upgraded shares of Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Tuesday, July 10th. Finally, Keefe, Bruyette & Woods downgraded shares of Horizon Technology Finance from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $10.50 to $10.00 in a research report on Sunday, October 21st. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Horizon Technology Finance presently has a consensus rating of “Hold” and an average target price of $11.25.

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

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