Horizon Technology Finance Corp (HRZN) Files Form 4 Insider Buying : Gerald A. Michaud Buys 225 Shares

Horizon Technology Finance Corp (HRZN): Gerald A. Michaud , President of Horizon Technology Finance Corp purchased 225 shares on Sep 19, 2016. The Insider buying transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were purchased at $13.42 per share for a total value of $3,019.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, Gerald A. Michaud (President) purchased 225 shares at $13.42 per share price.On Mar 28, 2016, Joseph J Savage (director) purchased 1,500 shares at $11.57 per share price.Also, On Mar 17, 2016, Robert D. Jr. Pomeroy (CEO) purchased 2,000 shares at $11.50 per share price.On Aug 25, 2015, Edmund V. Mahoney (director) purchased 500 shares at $10.27 per share price.

Horizon Technology Finance Corp: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in Horizon Technology Finance Corp which led to swings in the share price. The shares opened for trading at $13.42 and hit $13.7 on the upside , eventually ending the session at $13.53, with a gain of 1.58% or 0.21 points. The heightened volatility saw the trading volume jump to 58,613 shares. The 52-week high of the share price is $13.95 and the company has a market cap of $156 M . The 52-week low of the share price is at $9.01.

Horizon Technology Finance Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Horizon Technology Finance Corp is Downgraded by Maxim Group to Hold while Lowering the Price Target of the company shares to $ 13.75 from a previous price target of $14 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Aug 4, 2016.Horizon Technology Finance Corp is Initiated by Compass Point to Neutral and the brokerage firm has set the Price Target at $12.65. The Rating was issued on Jul 7, 2016.

Horizon Technology Finance Corporation is an externally managed closed-end non-diversified management investment company. The Company primarily makes secured debt investments which consists of loans secured by all of or a portion of the applicable debtor Company’s tangible and intangible assets to development-stage companies in the technology life science healthcare information and services and cleantech industries. The Company’s investment objective is to maximize its investment portfolio’s total return by generating income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon Technology Finance Management LLC is the investment manager of the Company.

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