Horizon Technology Finance Corporation (NASDAQ:HRZN) Given Consensus Rating of "Reduce" by Analysts

Horizon Technology Finance Corporation (NASDAQ:HRZN - Get Free Report) has earned a consensus recommendation of "Reduce" from the five research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $8.45.

A number of equities research analysts recently weighed in on HRZN shares. UBS Group reduced their price objective on Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Maxim Group lowered their price objective 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. B. Riley began coverage on Horizon Technology Finance in a report on Tuesday, May 13th. They issued a "neutral" rating and a $7.00 price target on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Compass Point cut Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 target price on the stock. in a research report on Wednesday, April 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brevan Howard Capital Management LP boosted its holdings in shares of Horizon Technology Finance by 15.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 16,093 shares of the investment management company's stock worth $145,000 after acquiring an additional 2,108 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Horizon Technology Finance in the first quarter worth approximately $36,000. Quantbot Technologies LP raised its position in shares of Horizon Technology Finance by 43.0% during the 4th quarter. Quantbot Technologies LP now owns 13,290 shares of the investment management company's stock valued at $119,000 after buying an additional 3,996 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Horizon Technology Finance by 32.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 26,344 shares of the investment management company's stock worth $237,000 after purchasing an additional 6,416 shares during the last quarter. Finally, ETF Store Inc. lifted its position in Horizon Technology Finance by 16.6% in the 1st quarter. ETF Store Inc. now owns 55,348 shares of the investment management company's stock worth $521,000 after buying an additional 7,877 shares during the last quarter. Institutional investors own 4.94% of the company's stock.

Horizon Technology Finance Stock Up 0.4%

HRZN opened at $7.20 on Tuesday. The stock has a market capitalization of $290.52 million, a price-to-earnings ratio of -7.91 and a beta of 1.02. The company has a 50-day simple moving average of $7.59 and a 200 day simple moving average of $8.60. Horizon Technology Finance has a twelve month low of $7.09 and a twelve month high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06). The business had revenue of $24.52 million during the quarter, compared to analyst estimates of $26.67 million. Horizon Technology Finance had a negative net margin of 36.34% and a positive return on equity of 13.98%. Sell-side analysts anticipate that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 17th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 18.06%. Horizon Technology Finance's dividend payout ratio (DPR) is presently -145.05%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.