Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 386,800 shares, a growth of 22.2% from the January 31st total of 316,600 shares. Based on an average daily trading volume, of 399,600 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.0% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on HRZN shares. StockNews.com downgraded Horizon Technology Finance from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Keefe, Bruyette & Woods dropped their price objective on Horizon Technology Finance from $9.00 to $8.00 and set an "underperform" rating for the company in a research note on Friday. Finally, Compass Point raised 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 two have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $8.94.
Check Out Our Latest Stock Analysis on Horizon Technology Finance
Insider Activity
In other Horizon Technology Finance news, Director Michael Balkin purchased 20,000 shares of Horizon Technology Finance stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $8.53 per share, with a total value of $170,600.00. Following the acquisition, the director now directly owns 20,000 shares of the company's stock, valued at $170,600. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.34% of the company's stock.
Institutional Investors Weigh In On Horizon Technology Finance
Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new stake in shares of Horizon Technology Finance during the third quarter worth $25,000. Private Trust Co. NA acquired a new position in Horizon Technology Finance in the third quarter valued at $38,000. Quantbot Technologies LP acquired a new position in Horizon Technology Finance in the third quarter valued at $99,000. Crew Capital Management Ltd. acquired a new position in Horizon Technology Finance in the fourth quarter valued at $99,000. Finally, Mutual Advisors LLC acquired a new position in Horizon Technology Finance in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 4.94% of the company's stock.
Horizon Technology Finance Price Performance
Horizon Technology Finance stock traded up $0.46 during mid-day trading on Friday, hitting $9.27. 580,693 shares of the company were exchanged, compared to its average volume of 342,288. The business's 50 day simple moving average is $9.38 and its two-hundred day simple moving average is $9.82. The company has a market capitalization of $373.72 million, a P/E ratio of -77.25 and a beta of 1.18. 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 released 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). Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. The company had revenue of $23.55 million for the quarter, compared to analysts' expectations of $25.69 million. Equities research analysts predict 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 Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 14.24%. The ex-dividend date of this dividend is Monday, March 17th. Horizon Technology Finance's dividend payout ratio (DPR) is -1,100.00%.
About Horizon Technology Finance
(
Get Free Report)
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.
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