Horizon Technology Finance (NASDAQ:HRZN) Rating Lowered to Sell at StockNews.com

Horizon Technology Finance (NASDAQ:HRZN) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Separately, Compass Point upgraded Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target for the company in a report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.35.

Horizon Technology Finance Trading Up 1.3 %

Shares of NASDAQ HRZN opened at $9.80 on Thursday. Horizon Technology Finance has a twelve month low of $8.46 and a twelve month high of $13.29. The company has a market capitalization of $390.82 million, a price-to-earnings ratio of -81.67 and a beta of 1.22. The business has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $9.94.

Insider Buying and Selling

In related news, Director Michael Balkin acquired 20,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $8.53 per share, for a total transaction of $170,600.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $170,600. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, President Gerald A. Michaud acquired 8,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $9.31 per share, with a total value of $74,480.00. Following the completion of the purchase, the president now 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 disclosure for this purchase can be found here. 1.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HRZN. TrueMark Investments LLC acquired a new position in Horizon Technology Finance during the 4th quarter worth $1,882,000. Marshall Wace LLP acquired a new position in Horizon Technology Finance during the 4th quarter worth $1,288,000. Trexquant Investment LP boosted its position in Horizon Technology Finance by 196.4% during the 4th quarter. Trexquant Investment LP now owns 198,451 shares of the investment management company’s stock worth $1,784,000 after acquiring an additional 131,505 shares during the period. Strategic Financial Concepts LLC acquired a new position in Horizon Technology Finance during the 4th quarter worth $788,000. Finally, Green Alpha Advisors LLC boosted its position in Horizon Technology Finance by 28.1% during 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. Institutional investors and hedge funds own 4.94% of the company’s stock.

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.