Horizon Technology Finance Co. (NASDAQ:HRZN) Short Interest Update

Horizon Technology Finance Co. (NASDAQ:HRZN) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 478,400 shares, an increase of 23.7% from the February 13th total of 386,800 shares. Based on an average daily trading volume, of 420,800 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the company’s stock are short sold.

Horizon Technology Finance Stock Up 0.5 %

HRZN stock opened at $9.25 on Tuesday. The firm has a 50 day moving average of $9.41 and a 200 day moving average of $9.71. The stock has a market capitalization of $372.91 million, a PE ratio of -77.08 and a beta of 1.18. Horizon Technology Finance has a 52 week low of $8.46 and a 52 week high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last announced its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The business had revenue of $23.55 million for the quarter, compared to analyst estimates of $25.69 million. On average, equities research analysts expect 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. Shareholders of record on Monday, March 17th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 14.27%. The ex-dividend date of this dividend is Monday, March 17th. Horizon Technology Finance’s payout ratio is -1,100.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HRZN. Keefe, Bruyette & Woods cut their price objective on shares of Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Friday, March 7th. Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price for the company in a research note on Tuesday, December 17th. Maxim Group lowered their target price on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Finally, StockNews.com cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.75.

Institutional Trading of Horizon Technology Finance

Several institutional investors and hedge funds have recently bought and sold shares of HRZN. Private Trust Co. NA acquired a new stake in Horizon Technology Finance during the 3rd quarter valued at approximately $38,000. Crew Capital Management Ltd. acquired a new stake in Horizon Technology Finance during the 4th quarter valued at approximately $99,000. Quantbot Technologies LP acquired a new stake in Horizon Technology Finance during the 3rd quarter valued at approximately $99,000. Mutual Advisors LLC acquired a new stake in Horizon Technology Finance during the 4th quarter valued at approximately $106,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Horizon Technology Finance in the 3rd quarter valued at $117,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

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.