Horizon Technology Finance Co. (NASDAQ:HRZN) Receives $9.75 Consensus Target Price from Analysts

Horizon Technology Finance Co. (NASDAQ:HRZN) has been assigned an average recommendation of “Reduce” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.75.

A number of equities analysts have recently commented on the company. Maxim Group dropped their price objective on Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday. Keefe, Bruyette & Woods lowered 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 note on Friday, March 7th. StockNews.com cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target on the stock in a research report on Tuesday, December 17th.

Insider Buying and Selling at Horizon Technology Finance

In other Horizon Technology Finance news, Director Michael Balkin bought 20,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $8.53 per share, for a total transaction of $170,600.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $170,600. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

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

Horizon Technology Finance Stock Performance

HRZN opened at $9.18 on Monday. Horizon Technology Finance has a twelve month low of $8.46 and a twelve month high of $12.63. The business has a 50 day moving average price of $9.41 and a 200 day moving average price of $9.76. The firm has a market cap of $370.09 million, a P/E ratio of -76.50 and a beta of 1.18.

Horizon Technology Finance (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). The firm had revenue of $23.55 million for the quarter, compared to the consensus estimate of $25.69 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. As a group, analysts anticipate that Horizon Technology Finance will post 1.38 earnings per share for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, March 17th. This represents a $1.32 dividend on an annualized basis and a yield of 14.38%. Horizon Technology Finance’s dividend payout ratio is currently -1,100.00%.

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.