Director Joseph Savage buys 9,500 shares (9.5K) at $9.28 blended avg for $88,150; builds stake to 59.5K shares
Joseph Savage, a director at Horizon Technology Finance Corp, made 2 separate purchases totaling 9,500 shares for $88,150.00 on 2024-11-13 and 2024-11-14, at prices of $9.35 and $9.20 respectively (blended $9.28). His holdings increased 19.0% from 50,000 shares to 59,500 shares. The stock is currently at $9.20, near the bottom of its 52-week range of $9.20–$13.63, down 32.5% from the 52-week high and -12.7% over the past 30 days. The company reported net income of $7,278,000.00 with a P/E of 4.65, but was unprofitable over its most recent full fiscal year. The director's transaction occurs against a backdrop of recent stock weakness and depressed valuation metrics, though the purchase was executed across two trading days rather than as a single discrete event.