Horizon Technology Finance Co. (NASDAQ:HRZN) Short Interest Down 29.4% in March

Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 432,100 shares, a drop of 29.4% from the March 15th total of 612,000 shares. Based on an average daily trading volume, of 377,300 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.1% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HRZN shares. Maxim Group cut their target price on shares of Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. StockNews.com lowered Horizon Technology Finance from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. UBS Group dropped their price target on Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating for the company in a research note on Tuesday, April 8th. Three 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $9.20.

Institutional Investors Weigh In On Horizon Technology Finance

A number of institutional investors have recently added to or reduced their stakes in HRZN. TrueMark Investments LLC lifted its position in shares of Horizon Technology Finance by 30.2% during the 1st quarter. TrueMark Investments LLC now owns 272,512 shares of the investment management company's stock worth $2,567,000 after buying an additional 63,134 shares in the last quarter. Green Alpha Advisors LLC lifted its holdings in Horizon Technology Finance by 23.5% during the first quarter. Green Alpha Advisors LLC now owns 358,742 shares of the investment management company's stock worth $3,379,000 after acquiring an additional 68,295 shares during the period. Two Sigma Advisers LP boosted its position in Horizon Technology Finance by 44.6% in the fourth quarter. Two Sigma Advisers LP now owns 49,897 shares of the investment management company's stock worth $449,000 after purchasing an additional 15,397 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in Horizon Technology Finance in the 4th quarter valued at $220,000. Finally, Brevan Howard Capital Management LP increased its position in shares of Horizon Technology Finance by 15.1% during the 4th quarter. Brevan Howard Capital Management LP now owns 16,093 shares of the investment management company's stock valued at $145,000 after purchasing an additional 2,108 shares during the last quarter. 4.94% of the stock is owned by institutional investors.

Horizon Technology Finance Stock Up 1.9 %

HRZN stock traded up $0.16 during mid-day trading on Wednesday, reaching $8.48. 205,113 shares of the company traded hands, compared to its average volume of 351,243. The stock has a market cap of $341.87 million, a price-to-earnings ratio of -70.67 and a beta of 1.08. Horizon Technology Finance has a fifty-two week low of $7.55 and a fifty-two week high of $12.63. The firm's 50 day moving average price is $9.04 and its 200 day moving average price is $9.32.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.06). The company had revenue of $23.55 million during the quarter, compared to analysts' expectations of $25.69 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. On average, analysts anticipate that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be given a dividend of $0.11 per share. This represents a dividend yield of 16.34%. The ex-dividend date is Wednesday, April 16th. Horizon Technology Finance's payout ratio is currently -1,100.00%.

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.