Horizon Technology Finance Co. (NASDAQ:HRZN) Short Interest Up 27.9% in March

Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 612,000 shares, an increase of 27.9% from the February 28th total of 478,400 shares. Based on an average daily volume of 370,900 shares, the short-interest ratio is currently 1.7 days. Currently, 1.5% of the company's stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new stake in Horizon Technology Finance in the third quarter worth about $99,000. JPMorgan Chase & Co. purchased a new position in shares of Horizon Technology Finance in the 3rd quarter valued at approximately $117,000. Crew Capital Management Ltd. acquired a new stake in Horizon Technology Finance in the 4th quarter worth approximately $99,000. Mutual Advisors LLC purchased a new stake in Horizon Technology Finance during the 4th quarter worth approximately $106,000. Finally, Raymond James Financial Inc. acquired a new position in Horizon Technology Finance during the 4th quarter valued at approximately $124,000. 4.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HRZN shares. Compass Point raised Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 price target on the stock in a research report on Tuesday, December 17th. StockNews.com downgraded shares of Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Maxim Group reduced their price target on shares of Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a report on Monday, March 10th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of 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. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $9.56.

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Horizon Technology Finance Stock Performance

HRZN traded down $0.51 on Friday, hitting $8.50. The company had a trading volume of 700,887 shares, compared to its average volume of 339,441. The stock has a market capitalization of $342.68 million, a price-to-earnings ratio of -70.83 and a beta of 1.18. The stock has a fifty day moving average price of $9.41 and a 200-day moving average price of $9.55. Horizon Technology Finance has a 12-month low of $8.46 and a 12-month high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.06). 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 $23.55 million during the quarter, compared to analysts' expectations of $25.69 million. Analysts forecast that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.32 annualized dividend and a dividend yield of 15.53%. Horizon Technology Finance's dividend payout ratio 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.