Horizon Technology Finance (NASDAQ:HRZN) Downgraded by StockNews.com to "Sell"

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Thursday.

Separately, 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 note on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $9.35.

Horizon Technology Finance Stock Performance

Shares of NASDAQ:HRZN remained flat at $9.82 during midday trading on Thursday. The stock had a trading volume of 264,740 shares, compared to its average volume of 309,948. The firm has a market cap of $391.58 million, a P/E ratio of -81.83 and a beta of 1.22. Horizon Technology Finance has a 52-week low of $8.46 and a 52-week high of $13.29. The business has a 50-day simple moving average of $9.27 and a two-hundred day simple moving average of $9.93.

Insider Buying and Selling at Horizon Technology Finance

In other Horizon Technology Finance news, President Gerald A. Michaud purchased 8,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were acquired at an average cost of $9.31 per share, with a total value of $74,480.00. Following the completion of the acquisition, 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 legal filing with the SEC, which is available through the SEC website. Also, Director Michael Balkin purchased 20,000 shares of the firm's stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $8.53 per share, for a total transaction of $170,600.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company's stock, valued at approximately $170,600. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.34% of the company's stock.

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Institutional Investors Weigh In On Horizon Technology Finance

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TrueMark Investments LLC bought a new stake in shares of Horizon Technology Finance in the fourth quarter worth about $1,882,000. Marshall Wace LLP bought a new stake in shares of Horizon Technology Finance in the fourth quarter worth about $1,288,000. Trexquant Investment LP increased its holdings in shares of Horizon Technology Finance by 196.4% in the fourth quarter. Trexquant Investment LP now owns 198,451 shares of the investment management company's stock worth $1,784,000 after purchasing an additional 131,505 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Horizon Technology Finance in the fourth quarter worth about $788,000. Finally, Green Alpha Advisors LLC increased its holdings in shares of Horizon Technology Finance by 28.1% in the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company's stock worth $2,611,000 after purchasing an additional 63,709 shares during the last quarter. 4.94% of the stock is owned by institutional investors.

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.