Horizon Technology Finance Co. (NASDAQ:HRZN) Sees Large Increase in Short Interest

Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 478,400 shares, a growth of 23.7% from the February 13th total of 386,800 shares. Approximately 1.2% of the company's shares are short sold. Based on an average daily volume of 420,800 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Horizon Technology Finance

Several large investors have recently modified their holdings of the stock. Green Alpha Advisors LLC lifted its stake in shares of Horizon Technology Finance by 28.1% in the 4th quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company's stock worth $2,611,000 after acquiring an additional 63,709 shares during the period. TrueMark Investments LLC acquired a new position in Horizon Technology Finance during the 4th quarter worth approximately $1,882,000. Trexquant Investment LP lifted its holdings in shares of Horizon Technology Finance by 196.4% in the 4th quarter. Trexquant Investment LP now owns 198,451 shares of the investment management company's stock valued at $1,784,000 after buying an additional 131,505 shares during the period. LPL Financial LLC grew its holdings in Horizon Technology Finance by 9.7% during the fourth quarter. LPL Financial LLC now owns 176,871 shares of the investment management company's stock worth $1,590,000 after acquiring an additional 15,670 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Horizon Technology Finance in the fourth quarter valued at $1,288,000. Hedge funds and other institutional investors own 4.94% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on HRZN shares. Compass Point upgraded shares of Horizon Technology Finance from a "sell" rating to a "neutral" rating and set a $8.25 price objective on the stock in a report on Tuesday, December 17th. Keefe, Bruyette & Woods decreased 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 report on Friday, March 7th. Maxim Group dropped their target price on Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, March 10th. Finally, StockNews.com lowered Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $9.56.

Horizon Technology Finance Stock Down 0.9 %

HRZN traded down $0.09 on Friday, reaching $9.23. The company's stock had a trading volume of 139,310 shares, compared to its average volume of 336,833. The stock has a 50 day moving average of $9.41 and a two-hundred day moving average of $9.70. Horizon Technology Finance has a fifty-two week low of $8.46 and a fifty-two week high of $12.63. The company has a market capitalization of $371.91 million, a price-to-earnings ratio of -76.96 and a beta of 1.18.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced its earnings results 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 business had revenue of $23.55 million for the quarter, compared to analysts' expectations of $25.69 million. As a group, analysts anticipate that Horizon Technology Finance will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 14.31%. The ex-dividend date is Wednesday, April 16th. Horizon Technology Finance's dividend payout ratio is presently -1,100.00%.

About Horizon Technology Finance

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.