Horizon Technology Finance (NASDAQ:HRZN) Given New $8.00 Price Target at UBS Group

Horizon Technology Finance (NASDAQ:HRZN - Free Report) had its target price boosted by UBS Group from $7.50 to $8.00 in a report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the investment management company's stock.

A number of other analysts have also commented on the company. Compass Point lowered Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 price objective on the stock. in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods decreased their price objective on 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, B. Riley assumed coverage on Horizon Technology Finance in a research note on Tuesday, May 13th. They set a "neutral" rating and a $7.00 price objective on the stock. Three 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $8.40.

Horizon Technology Finance Price Performance

Horizon Technology Finance stock traded down $0.08 during trading hours on Wednesday, hitting $8.11. The stock had a trading volume of 210,094 shares, compared to its average volume of 446,949. The stock has a market capitalization of $327.04 million, a price-to-earnings ratio of -8.91 and a beta of 0.99. Horizon Technology Finance has a 1-year low of $7.09 and a 1-year high of $12.33. The stock's fifty day moving average is $7.55 and its two-hundred day moving average is $8.51.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last posted its earnings results 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 firm 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%. As a group, sell-side 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. Shareholders of record on Tuesday, June 17th were paid 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 payout ratio is -145.05%.

Hedge Funds Weigh In On Horizon Technology Finance

A number of large investors have recently modified their holdings of the company. Green Alpha Advisors LLC raised its holdings in shares of Horizon Technology Finance by 23.5% in the 1st quarter. Green Alpha Advisors LLC now owns 358,742 shares of the investment management company's stock worth $3,379,000 after purchasing an additional 68,295 shares during the period. TrueMark Investments LLC increased its holdings in 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 purchasing an additional 63,134 shares during the last quarter. Trexquant Investment LP increased its holdings in Horizon Technology Finance by 196.4% during the 4th quarter. Trexquant Investment LP now owns 198,451 shares of the investment management company's stock worth $1,784,000 after purchasing an additional 131,505 shares during the last quarter. LPL Financial LLC increased its holdings in Horizon Technology Finance by 9.7% during the 4th quarter. LPL Financial LLC now owns 176,871 shares of the investment management company's stock worth $1,590,000 after purchasing an additional 15,670 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Horizon Technology Finance in the 4th quarter worth approximately $1,288,000. 4.94% of the stock is currently owned by hedge funds and other 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.