Horizon Technology Finance Co. (NASDAQ:HRZN) Short Interest Update

Horizon Technology Finance Co. (NASDAQ:HRZN - Get Free Report) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 636,400 shares, a growth of 15.5% from the February 29th total of 551,200 shares. Based on an average trading volume of 278,500 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.9% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

HRZN has been the subject of several research analyst reports. UBS Group decreased their target price on Horizon Technology Finance from $11.50 to $10.50 and set a "neutral" rating for the company in a research report on Monday, March 18th. B. Riley downgraded Horizon Technology Finance from a "neutral" rating to a "sell" rating and set a $11.00 price objective for the company. in a report on Monday, January 8th. LADENBURG THALM/SH SH restated a "neutral" rating on shares of Horizon Technology Finance in a report on Wednesday, February 28th. Finally, Oppenheimer decreased their price objective on Horizon Technology Finance from $11.00 to $10.00 and set a "market perform" rating for the company in a report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, Horizon Technology Finance has a consensus rating of "Hold" and a consensus price target of $10.80.

Horizon Technology Finance Stock Down 0.6 %

Shares of Horizon Technology Finance stock traded down $0.07 on Tuesday, reaching $11.22. 360,982 shares of the stock were exchanged, compared to its average volume of 286,734. Horizon Technology Finance has a twelve month low of $10.75 and a twelve month high of $13.73. The firm has a market capitalization of $374.75 million, a price-to-earnings ratio of -22.92 and a beta of 1.21. The business has a 50 day moving average price of $12.40 and a two-hundred day moving average price of $12.38.

Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its earnings results on Tuesday, February 27th. The investment management company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). Horizon Technology Finance had a positive return on equity of 18.24% and a negative net margin of 15.14%. The firm had revenue of $28.18 million for the quarter, compared to analyst estimates of $29.21 million. Research analysts forecast that Horizon Technology Finance will post 1.53 EPS for the current year.

Horizon Technology Finance Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Tuesday, March 19th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 18th. This is an increase from Horizon Technology Finance's previous dividend of $0.11. This represents a yield of 16.48%. Horizon Technology Finance's payout ratio is presently -269.38%.

Insider Buying and Selling

In other Horizon Technology Finance news, President Gerald A. Michaud bought 3,650 shares of the business's stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $11.77 per share, with a total value of $42,960.50. Following the completion of the acquisition, the president now owns 156,244 shares in the company, valued at approximately $1,838,991.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Horizon Technology Finance

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in shares of Horizon Technology Finance by 5.2% in the 1st quarter. Advisors Asset Management Inc. now owns 287,234 shares of the investment management company's stock worth $3,240,000 after acquiring an additional 14,170 shares during the last quarter. Millennium Management LLC increased its position in shares of Horizon Technology Finance by 73.4% in the 4th quarter. Millennium Management LLC now owns 270,284 shares of the investment management company's stock valued at $3,135,000 after purchasing an additional 114,377 shares during the last quarter. Green Alpha Advisors LLC increased its position in shares of Horizon Technology Finance by 2.1% in the 3rd quarter. Green Alpha Advisors LLC now owns 255,273 shares of the investment management company's stock valued at $3,033,000 after purchasing an additional 5,157 shares during the last quarter. Legal & General Group Plc increased its position in shares of Horizon Technology Finance by 126.6% in the 4th quarter. Legal & General Group Plc now owns 248,429 shares of the investment management company's stock valued at $3,273,000 after purchasing an additional 138,792 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its position in shares of Horizon Technology Finance by 1.7% in the 1st quarter. Eqis Capital Management Inc. now owns 192,095 shares of the investment management company's stock valued at $2,670,000 after purchasing an additional 3,203 shares during the last quarter. 4.94% of the stock is currently owned by hedge funds and other institutional investors.

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.