Horizon Technology Finance Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:HRZN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
16 Dec 24	BuyUS$170,600	Michael Balkin	Individual	20,000	US$8.53
25 Nov 24	BuyUS$74,519	Gerald Michaud	Individual	8,000	US$9.31
14 Nov 24	BuyUS$88,150	Joseph Savage	Individual	9,500	US$9.35
05 Aug 24	BuyUS$25,004	Jonathan Goodman	Individual	2,313	US$10.81
05 Aug 24	BuyUS$105,800	Michael Balkin	Individual	10,000	US$10.58

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of HRZN?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	535,434	1.33%
Institutions	3,673,457	9.1%
General Public	36,146,072	89.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.2%.

Top Shareholders

Top 25 shareholders own 8.62% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
0.89%	Green Alpha Advisors, LLC	358,742	US$2.7m	23.5%	2.64%
0.68%	TrueMark Investments, LLC	272,512	US$2.1m	30.2%	0.5%
0.68%	Wealth Builder Funds, LLC	272,512	US$2.1m	30.2%	1.47%
0.59%	Legal & General Investment Management Limited	238,747	US$1.8m	-3.08%	no data
0.52%	Robert Pomeroy	210,748	US$1.6m	0.15%	no data
0.52%	Connecticut Wealth Management, LLC	210,424	US$1.6m	0%	0.09%
0.49%	Trexquant Investment LP	198,451	US$1.5m	196%	0.02%
0.43%	BlackRock, Inc.	173,714	US$1.3m	8.21%	no data
0.42%	Gerald Michaud	169,816	US$1.3m	0.3%	no data
0.38%	UBS Asset Management AG	153,568	US$1.2m	960%	no data
0.35%	Marshall Wace LLP	143,219	US$1.1m	0%	no data
0.31%	Virtus ETF Advisers LLC	124,433	US$942.0k	66%	0.35%
0.29%	Freedom Investment Management, Inc.	117,244	US$887.5k	14.8%	0.07%
0.26%	Two Sigma Investments, LP	103,273	US$781.8k	-26.9%	no data
0.24%	Millennium Management LLC	96,342	US$729.3k	-52.6%	no data
0.22%	LPL Financial Corporation, Asset Management Arm	88,796	US$672.2k	-49.8%	no data
0.2%	Citadel Advisors LLC	79,797	US$604.1k	783%	no data
0.19%	Morgan Stanley, Investment Banking and Brokerage Investments	78,214	US$592.1k	29.4%	no data
0.16%	Susquehanna International Group, LLP, Asset Management Arm	63,986	US$484.4k	81.6%	no data
0.16%	Cetera Investment Advisers LLC	63,008	US$477.0k	20.2%	no data
0.15%	Joseph Savage	59,500	US$450.4k	0%	no data
0.14%	ETF Store Inc.	55,348	US$419.0k	16.6%	0.51%
0.12%	Two Sigma Advisers, LP	49,897	US$377.7k	44.6%	no data
0.12%	Jane Street Group, LLC, Asset Management Arm	49,692	US$376.2k	0%	no data
0.11%	First Financial Bank, Asset Management Arm	45,725	US$346.1k	0%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/11 03:31
End of Day Share Price	2025/05/09 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Horizon Technology Finance Corporation is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bryce Rowe	B. Riley Securities, Inc.
Christopher York	Citizens JMP Securities, LLC
Casey Alexander	Compass Point Research & Trading, LLC