Horizon Technology Finance Corporation (NASDAQ:HRZN) Receives Average Rating of "Reduce" from Analysts

Key Points

• Horizon Technology Finance Corporation (NASDAQ:HRZN) has received a consensus rating of "Reduce" from five brokerages, with two analysts recommending a sell, two a hold, and one a buy.
• The company's recent earnings report revealed that it missed earnings estimates by $0.06, reporting $0.27 earnings per share against a consensus of $0.33.
• Horizon Technology Finance announced a dividend yield of 18.06%, with a recent payment of $0.11 issued to investors of record on June 17th.

Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN - Get Free Report) have been assigned a consensus rating of "Reduce" from the five analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $8.40.

HRZN has been the topic of a number of research analyst reports. Compass Point downgraded shares of Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 price objective on the stock. in a research report on Wednesday, April 30th. B. Riley assumed coverage on shares of 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 cut their target price on 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, UBS Group lifted their target price on Horizon Technology Finance from $7.50 to $8.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th.

Horizon Technology Finance Trading Down 0.1%

HRZN traded down $0.01 during midday trading on Friday, hitting $8.14. 98,619 shares of the company were exchanged, compared to its average volume of 444,515. The company's 50 day simple moving average is $7.65 and its 200 day simple moving average is $8.45. Horizon Technology Finance has a 1-year low of $7.09 and a 1-year high of $12.11. The firm has a market capitalization of $328.25 million, a price-to-earnings ratio of -8.91 and a beta of 0.99.

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

Horizon Technology Finance Announces Dividend

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

Institutional Trading of Horizon Technology Finance

Several hedge funds have recently modified their holdings of HRZN. TrueMark Investments LLC boosted its holdings in Horizon Technology Finance by 30.2% in the 1st quarter. TrueMark Investments LLC now owns 272,512 shares of the investment management company's stock valued at $2,567,000 after purchasing an additional 63,134 shares during the period. Jane Street Group LLC acquired a new position in Horizon Technology Finance in the 4th quarter valued at approximately $447,000. D. E. Shaw & Co. Inc. acquired a new stake in Horizon Technology Finance in the fourth quarter worth $220,000. Green Alpha Advisors LLC lifted its stake in shares of Horizon Technology Finance by 23.5% in the first quarter. Green Alpha Advisors LLC now owns 358,742 shares of the investment management company's stock valued at $3,379,000 after buying an additional 68,295 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Horizon Technology Finance in the fourth quarter worth about $1,288,000. 4.94% of the stock is owned by institutional investors.

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.