Wed Sep 25 07:20:45 UTC 2024: ## Commonwealth Equity Services Boosts Holdings in Horizon Technology Finance

**New York, NY** – Commonwealth Equity Services LLC, an institutional investor, increased its stake in Horizon Technology Finance Co. (NASDAQ: HRZN) by 4.9% during the second quarter, according to a recent filing with the Securities and Exchange Commission. The company now owns 23,776 shares of the investment management firm, valued at approximately $286,000.

Commonwealth Equity Services was not the only investor making moves in Horizon Technology Finance. Several other hedge funds, including Creekmur Asset Management LLC, Cape Investment Advisory Inc., International Assets Investment Management LLC, Capstone Investment Advisors LLC, and Global Assets Advisory LLC, all acquired new positions in the company during various quarters.

Despite the increased interest from some institutional investors, analysts remain cautious about Horizon Technology Finance’s outlook. Keefe, Bruyette & Woods downgraded their price objective to $9.00 from $9.50 and assigned an “underperform” rating, while B. Riley reissued a “sell” rating and lowered their price target to $9.00.

Horizon Technology Finance recently reported strong earnings for the second quarter, beating analysts’ expectations. However, the company’s negative net margin and high dividend payout ratio continue to raise concerns.

While the company has a market cap of $373.32 million and a positive return on equity of 17.39%, analysts are divided on its future prospects. Four investment analysts have rated the stock with a “sell” rating, and three have assigned a “hold” rating, giving Horizon Technology Finance a consensus rating of “Reduce” and an average target price of $9.70.

Horizon Technology Finance specializes in lending and investing in venture capital-backed companies within the technology, life science, healthcare, and cleantech sectors. The company recently declared a monthly dividend of $0.11 per share, payable on November 14th.

Investors seeking further information on institutional ownership in Horizon Technology Finance can visit HoldingsChannel.com for the latest 13F filings and insider trades.

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