Horizon Technology Finance Co. (NASDAQ:HRZN) Given Consensus Rating of "Reduce" by Brokerages

Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) has been assigned a consensus rating of "Reduce" from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9.75.

HRZN has been the subject of a number of recent analyst reports. Compass Point upgraded Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 price objective for the company in a research report on Tuesday, December 17th. StockNews.com cut Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Maxim Group lowered their price target on Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods lowered their price target on Horizon Technology Finance from $9.00 to $8.00 and set an "underperform" rating on the stock in a research note on Friday, March 7th.

Insider Activity

In other news, Director Michael Balkin acquired 20,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the acquisition, the director now owns 20,000 shares of the company's stock, valued at $170,600. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.34% of the company's stock.

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Institutional Investors Weigh In On Horizon Technology Finance

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at $25,000. Private Trust Co. NA purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at $38,000. Quantbot Technologies LP purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at $99,000. Crew Capital Management Ltd. purchased a new stake in shares of Horizon Technology Finance in the 4th quarter valued at $99,000. Finally, Mutual Advisors LLC purchased a new stake in shares of Horizon Technology Finance in the 4th quarter valued at $106,000. Hedge funds and other institutional investors own 4.94% of the company's stock.

Horizon Technology Finance Stock Up 1.3 %

Shares of Horizon Technology Finance stock traded up $0.12 on Monday, reaching $9.20. 328,370 shares of the stock were exchanged, compared to its average volume of 340,132. Horizon Technology Finance has a twelve month low of $8.46 and a twelve month high of $12.63. The firm has a market capitalization of $370.70 million, a price-to-earnings ratio of -76.46 and a beta of 1.18. The business has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $9.76.

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 company had revenue of $23.55 million for the quarter, compared to analysts' expectations of $25.69 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. Research analysts forecast that Horizon Technology Finance will post 1.38 EPS for the current year.

Horizon Technology Finance Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 14.36%. The ex-dividend date of this dividend is Monday, March 17th. Horizon Technology Finance's dividend payout ratio (DPR) is presently -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.