Horizon Technology Finance Corporation (NASDAQ:HRZN) Given Average Rating of "Reduce" by Brokerages

Horizon Technology Finance Corporation (NASDAQ:HRZN - Get Free Report) has received a consensus recommendation of "Reduce" from the five research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $8.45.

A number of research analysts have issued reports on HRZN shares. UBS Group cut their target price on shares of 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. Compass Point downgraded shares of 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. B. Riley started coverage on shares of Horizon Technology Finance in a research report on Tuesday, May 13th. They set a "neutral" rating and a $7.00 target price on the stock. Keefe, Bruyette & Woods cut their target price on shares of Horizon Technology Finance from $8.00 to $7.50 and set an "underperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Maxim Group cut their price target on shares of Horizon Technology Finance from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, March 10th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. TrueMark Investments LLC bought a new stake in shares of Horizon Technology Finance during the fourth quarter worth $1,882,000. Marshall Wace LLP acquired a new stake in shares of Horizon Technology Finance during the fourth quarter worth $1,288,000. Trexquant Investment LP raised its holdings in shares of Horizon Technology Finance by 196.4% during the fourth 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. Green Alpha Advisors LLC raised its holdings in shares of 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. Finally, Jane Street Group LLC acquired a new stake in shares of Horizon Technology Finance during the fourth quarter worth $447,000. Institutional investors own 4.94% of the company's stock.

Horizon Technology Finance Stock Up 1.2%

NASDAQ:HRZN traded up $0.09 during mid-day trading on Tuesday, reaching $7.46. 323,094 shares of the company were exchanged, compared to its average volume of 412,997. Horizon Technology Finance has a 12 month low of $7.09 and a 12 month high of $12.63. The company has a fifty day moving average of $7.49 and a 200 day moving average of $8.56. The stock has a market cap of $300.81 million, a PE ratio of -8.19 and a beta of 0.99.

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

Horizon Technology Finance Dividend Announcement

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