LSV Asset Management Sells 10,601 Shares of Horizon Technology Finance Corp (HRZN)

LSV Asset Management trimmed its stake in shares of Horizon Technology Finance Corp (NASDAQ:HRZN) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,000 shares of the investment management company’s stock after selling 10,601 shares during the quarter. LSV Asset Management’s holdings in Horizon Technology Finance were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Rehmann Capital Advisory Group grew its position in Horizon Technology Finance by 1,040.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,997 shares of the investment management company’s stock worth $438,000 after acquiring an additional 4,559 shares during the last quarter. 11.29% of the stock is owned by hedge funds and other institutional investors.

HRZN opened at $12.69 on Friday. Horizon Technology Finance Corp has a 1 year low of $9.92 and a 1 year high of $12.84. The company has a market cap of $144.16 million, a P/E ratio of 11.57 and a beta of 0.77.

HRZN has been the topic of several recent research reports. Zacks Investment Research upgraded Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Saturday, November 3rd. National Securities restated a “neutral” rating and set a $11.00 price target on shares of Horizon Technology Finance in a research report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.50.

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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.

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

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