Shares of Horizon Technology Finance Co. (NASDAQ:HRZN – Get Free Report) have been given a consensus rating of “Reduce” by the five analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.75.
HRZN has been the subject of a number of analyst reports. Keefe, Bruyette & Woods decreased their price objective on Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Friday, March 7th. StockNews.com lowered shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Compass Point raised shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price for the company in a research report on Tuesday, December 17th. Finally, Maxim Group reduced their price target on Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, March 10th.
Get Our Latest Stock Report on Horizon Technology Finance
Horizon Technology Finance Price Performance
NASDAQ:HRZN opened at $9.20 on Monday. The firm has a market cap of $370.90 million, a PE ratio of -76.67 and a beta of 1.18. The company has a 50-day moving average of $9.41 and a 200 day moving average of $9.74. Horizon Technology Finance has a 1-year low of $8.46 and a 1-year high of $12.63.
Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). The business had revenue of $23.55 million during the quarter, compared to analysts’ expectations of $25.69 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. Sell-side analysts anticipate that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.
Horizon Technology Finance Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 17th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.32 annualized dividend and a yield of 14.35%. Horizon Technology Finance’s dividend payout ratio is presently -1,100.00%.
Insider Activity
In other news, Director Michael Balkin purchased 20,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $8.53 per share, with a total value of $170,600.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $170,600. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.34% of the company’s stock.
Hedge Funds Weigh In On Horizon Technology Finance
Several institutional investors and hedge funds have recently modified their holdings of HRZN. Green Alpha Advisors LLC grew its holdings in Horizon Technology Finance by 28.1% in the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock valued at $2,611,000 after purchasing an additional 63,709 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Horizon Technology Finance in the 4th quarter valued at $788,000. Dynamic Technology Lab Private Ltd purchased a new stake in Horizon Technology Finance in the 3rd quarter worth $217,000. JPMorgan Chase & Co. acquired a new position in Horizon Technology Finance during the third quarter worth $117,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Horizon Technology Finance during the fourth quarter worth $148,000. Hedge funds and other institutional investors own 4.94% of the company’s stock.
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, cleantech and sustainability industries.
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