Horizon Technology Finance Co. (NASDAQ:HRZN) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Horizon Technology Finance Co. (NASDAQ:HRZN) have been given an average rating of “Reduce” by the six analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $9.35.

Separately, Compass Point upgraded Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price on the stock in a research note on Tuesday.

Insider Activity at Horizon Technology Finance

In other news, President Gerald A. Michaud bought 8,000 shares of Horizon Technology Finance stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $9.31 per share, with a total value of $74,480.00. Following the completion of the purchase, the president now directly owns 169,309 shares in the company, valued at $1,576,266.79. The trade was a 4.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in shares of Horizon Technology Finance by 4.9% during the second quarter. Commonwealth Equity Services LLC now owns 23,776 shares of the investment management company’s stock worth $286,000 after purchasing an additional 1,113 shares in the last quarter. ETF Store Inc. lifted its holdings in shares of Horizon Technology Finance by 3.7% in the third quarter. ETF Store Inc. now owns 52,813 shares of the investment management company’s stock worth $562,000 after buying an additional 1,871 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Horizon Technology Finance during the third quarter valued at $25,000. Private Trust Co. NA bought a new position in shares of Horizon Technology Finance in the 3rd quarter valued at about $38,000. Finally, Green Alpha Advisors LLC increased its stake in Horizon Technology Finance by 1.8% during the third quarter. Green Alpha Advisors LLC now owns 226,738 shares of the investment management company’s stock worth $2,415,000 after acquiring an additional 3,928 shares during the last quarter. 4.94% of the stock is owned by hedge funds and other institutional investors.

Horizon Technology Finance Trading Up 1.2 %

NASDAQ HRZN traded up $0.10 on Tuesday, reaching $8.67. The stock had a trading volume of 206,917 shares, compared to its average volume of 313,732. The company has a market capitalization of $330.00 million, a price-to-earnings ratio of -71.92 and a beta of 1.22. Horizon Technology Finance has a 1 year low of $8.46 and a 1 year high of $13.73. The business has a 50 day moving average price of $9.65 and a 200 day moving average price of $10.84.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, October 29th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. The firm had revenue of $24.56 million during the quarter, compared to the consensus estimate of $25.38 million. During the same period in the previous year, the company posted $0.53 EPS. On average, analysts anticipate that Horizon Technology Finance will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 16th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 15.22%. The ex-dividend date is Monday, December 16th. Horizon Technology Finance’s payout ratio is -1,100.00%.

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.