Horizon Technology Finance (NASDAQ:HRZN) Raised to “Hold” at StockNews.com

Horizon Technology Finance (NASDAQ:HRZN) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Separately, Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective on the stock in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.35.

Horizon Technology Finance Stock Performance

NASDAQ HRZN opened at $9.72 on Wednesday. The company has a market cap of $387.63 million, a PE ratio of -81.00 and a beta of 1.22. Horizon Technology Finance has a 52-week low of $8.46 and a 52-week high of $13.42. The firm’s 50 day moving average price is $9.21 and its 200-day moving average price is $10.01.

Insiders Place Their Bets

In other Horizon Technology Finance news, President Gerald A. Michaud acquired 8,000 shares of the company’s stock in a transaction dated 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 acquisition, the president now directly owns 169,309 shares of the company’s stock, valued at approximately $1,576,266.79. The trade was a 4.96 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Balkin bought 20,000 shares of Horizon Technology Finance stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $8.53 per share, with a total value of $170,600.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $170,600. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Horizon Technology Finance

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new position in Horizon Technology Finance during the third quarter valued at approximately $25,000. Private Trust Co. NA purchased a new stake in Horizon Technology Finance during the third quarter worth $38,000. Quantbot Technologies LP purchased a new stake in Horizon Technology Finance during the third quarter worth $99,000. JPMorgan Chase & Co. purchased a new position in shares of Horizon Technology Finance during the 3rd quarter valued at approximately $117,000. Finally, Crew Capital Management Ltd. purchased a new position in shares of Horizon Technology Finance during the 4th quarter valued at approximately $99,000. Hedge funds and other institutional investors own 4.94% of the company’s stock.

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.