Horizon Technology Finance Co. (NASDAQ:HRZN) Receives Average Rating of “Reduce” from Analysts

Shares of Horizon Technology Finance Co. (NASDAQ:HRZNGet Free Report) have earned a consensus recommendation of “Reduce” from the five ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $10.38.

Several equities analysts have commented on the company. UBS Group cut their price target on Horizon Technology Finance from $11.50 to $10.50 and set a “neutral” rating for the company in a report on Monday, March 18th. Oppenheimer reduced their target price on Horizon Technology Finance from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, March 1st. Finally, LADENBURG THALM/SH SH reissued a “neutral” rating on shares of Horizon Technology Finance in a report on Wednesday, February 28th.

Read Our Latest Stock Report on Horizon Technology Finance

Institutional Investors Weigh In On Horizon Technology Finance

Several institutional investors and hedge funds have recently made changes to their positions in HRZN. ETF Store Inc. grew its stake in Horizon Technology Finance by 2.4% during the first quarter. ETF Store Inc. now owns 48,806 shares of the investment management company’s stock worth $555,000 after buying an additional 1,158 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Horizon Technology Finance by 15.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 19,381 shares of the investment management company’s stock worth $255,000 after purchasing an additional 2,627 shares in the last quarter. Financial Gravity Asset Management Inc. increased its stake in shares of Horizon Technology Finance by 25,158.3% in the third quarter. Financial Gravity Asset Management Inc. now owns 3,031 shares of the investment management company’s stock valued at $33,000 after buying an additional 3,019 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of Horizon Technology Finance in the fourth quarter valued at about $52,000. Finally, Cape Investment Advisory Inc. acquired a new position in Horizon Technology Finance during the 4th quarter worth about $56,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Horizon Technology Finance Trading Up 1.0 %

Shares of Horizon Technology Finance stock opened at $12.16 on Thursday. Horizon Technology Finance has a 1 year low of $10.75 and a 1 year high of $13.73. The company’s fifty day simple moving average is $11.61 and its 200-day simple moving average is $12.29. The company has a market cap of $425.84 million, a price-to-earnings ratio of -28.95 and a beta of 1.22.

Horizon Technology Finance (NASDAQ:HRZNGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The company had revenue of $26.13 million for the quarter, compared to analyst estimates of $26.83 million. Horizon Technology Finance had a negative net margin of 12.40% and a positive return on equity of 17.98%. As a group, research analysts forecast that Horizon Technology Finance will post 1.48 earnings per share for the current fiscal year.

Horizon Technology Finance Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, June 17th. This represents a $1.32 annualized dividend and a yield of 10.86%. Horizon Technology Finance’s dividend payout ratio is currently -314.28%.

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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Analyst Recommendations for Horizon Technology Finance (NASDAQ:HRZN)

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