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

Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) has received an average recommendation of "Reduce" from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price target among brokerages that have covered 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 price target for the company in a research report on Tuesday.

Horizon Technology Finance Price Performance

Shares of NASDAQ HRZN traded up $0.22 during mid-day trading on Tuesday, hitting $8.79. The company had a trading volume of 1,020,129 shares, compared to its average volume of 317,163. Horizon Technology Finance has a 12 month low of $8.46 and a 12 month high of $13.73. The stock has a market cap of $334.56 million, a price-to-earnings ratio of -73.25 and a beta of 1.22. The firm's 50 day simple moving average is $9.61 and its two-hundred day simple moving average is $10.83.

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

Horizon Technology Finance Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 15.02%. The ex-dividend date is Thursday, January 16th. Horizon Technology Finance's dividend payout ratio is currently -1,100.00%.

Insider Buying and Selling at Horizon Technology Finance

In other Horizon Technology Finance news, Director Michael Balkin bought 20,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $8.53 per share, with a total value of $170,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at approximately $170,600. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Gerald A. Michaud bought 8,000 shares of the stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the transaction, the president now directly owns 169,309 shares of the company's stock, valued at approximately $1,576,266.79. The trade was a 4.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Horizon Technology Finance

Several large investors have recently bought and sold shares of HRZN. Dynamic Technology Lab Private Ltd bought a new stake in Horizon Technology Finance in the third quarter valued at $217,000. International Assets Investment Management LLC bought a new stake in shares of Horizon Technology Finance in the 2nd quarter worth about $66,000. Private Trust Co. NA acquired a new stake in shares of Horizon Technology Finance during the 3rd quarter worth about $38,000. Commonwealth Equity Services LLC lifted its holdings in Horizon Technology Finance by 4.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,776 shares of the investment management company's stock valued at $286,000 after purchasing an additional 1,113 shares during the last quarter. Finally, ETF Store Inc. boosted its position in Horizon Technology Finance by 4.4% in the second quarter. ETF Store Inc. now owns 50,942 shares of the investment management company's stock valued at $613,000 after buying an additional 2,136 shares in the last quarter. 4.94% of the stock is currently owned by institutional investors and hedge funds.

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.