Horizon Technology Finance (NASDAQ:HRZN) Raised to Hold at B. Riley

B. Riley upgraded shares of Horizon Technology Finance (NASDAQ:HRZN - Free Report) to a hold rating in a report released on Monday, MarketBeat reports. B. Riley also issued estimates for Horizon Technology Finance's Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.29 EPS, FY2025 earnings at $1.11 EPS, Q1 2026 earnings at $0.26 EPS, Q2 2026 earnings at $0.27 EPS, Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $1.06 EPS.

A number of other equities analysts also recently commented on HRZN. StockNews.com downgraded Horizon Technology Finance from a "hold" rating to a "sell" rating in a research note on Thursday, February 20th. Maxim Group decreased their target price on 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. UBS Group decreased their target price on Horizon Technology Finance from $9.00 to $8.25 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Compass Point downgraded Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $6.50 target price for the company. in a research note on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods decreased their target price 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 investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $8.45.

Horizon Technology Finance Trading Down 3.3%

Horizon Technology Finance stock traded down $0.25 during midday trading on Monday, hitting $7.31. The stock had a trading volume of 822,559 shares, compared to its average volume of 384,965. The stock has a market cap of $295.00 million, a P/E ratio of -60.92 and a beta of 1.05. Horizon Technology Finance has a 12 month low of $7.12 and a 12 month high of $12.63. The business has a fifty day moving average price of $8.44 and a 200 day moving average price of $9.01.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last announced 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 firm had revenue of $24.52 million during the quarter, compared to the consensus estimate of $26.67 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. On average, equities 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 announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a $0.11 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.32 dividend on an annualized basis and a yield of 18.06%. Horizon Technology Finance's dividend payout ratio (DPR) is -145.05%.

Institutional Investors Weigh In On Horizon Technology Finance

A number of institutional investors have recently added to or reduced their stakes in the company. Green Alpha Advisors LLC lifted its position in 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 worth $3,379,000 after purchasing an additional 68,295 shares during the period. TrueMark Investments LLC lifted its position in Horizon Technology Finance by 30.2% in the first 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 period. Trexquant Investment LP lifted its position in Horizon Technology Finance by 196.4% in the fourth 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 period. LPL Financial LLC lifted its position in Horizon Technology Finance by 9.7% in the fourth 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 period. Finally, Marshall Wace LLP acquired a new stake in Horizon Technology Finance in the fourth quarter worth approximately $1,288,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

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.