Horizon Technology Finance Corporation (NASDAQ:HRZN - Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $4.50 and traded as high as $4.63. Horizon Technology Finance shares last traded at $4.58, with a volume of 264,670 shares trading hands.
Analysts Set New Price Targets
A number of research firms have recently issued reports on HRZN. Keefe, Bruyette & Woods reduced their price target on shares of Horizon Technology Finance from $5.00 to $4.50 and set a "market perform" rating on the stock in a research note on Friday, August 21st. Oppenheimer decreased their price objective on shares of Horizon Technology Finance from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Friday, August 7th. Compass Point began coverage on shares of Horizon Technology Finance in a research report on Thursday, August 27th. They set a "buy" rating and a $5.50 price objective for the company. Weiss Ratings cut shares of Horizon Technology Finance from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, August 19th. Finally, UBS Group lifted their target price on shares of Horizon Technology Finance from $4.25 to $4.50 and gave the company a "neutral" rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Horizon Technology Finance presently has a consensus rating of "Hold" and an average target price of $5.00.
Check Out Our Latest Research Report on HRZN
Horizon Technology Finance Trading Down 0.2%
The firm has a 50 day moving average price of $4.73 and a 200-day moving average price of $4.50. The firm has a market cap of $307.02 million, a PE ratio of 12.72 and a beta of 1.00.
Horizon Technology Finance (NASDAQ:HRZN - Get Free Report) last released its earnings results on Tuesday, August 4th. The investment management company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The firm had revenue of $25.05 million for the quarter, compared to analysts' expectations of $25.22 million. Horizon Technology Finance had a return on equity of 11.15% and a net margin of 5.27%. Equities analysts forecast that Horizon Technology Finance Corporation will post 0.63 earnings per share for the current fiscal year.
Horizon Technology Finance Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, November 17th will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 15.7%. The ex-dividend date is Tuesday, November 17th. Horizon Technology Finance's payout ratio is 200.00%.
Institutional Investors Weigh In On Horizon Technology Finance
A number of large investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in Horizon Technology Finance in the second quarter valued at $101,000. Squarepoint Ops LLC acquired a new position in shares of Horizon Technology Finance during the 2nd quarter worth about $93,000. Baird Financial Group Inc. acquired a new position in shares of Horizon Technology Finance during the 2nd quarter worth about $148,000. Corient Private Wealth LP acquired a new position in shares of Horizon Technology Finance during the 2nd quarter worth about $422,000. Finally, HighTower Advisors LLC purchased a new position in shares of Horizon Technology Finance in the 2nd quarter valued at about $61,000. 4.94% of the stock is owned by hedge funds and other institutional investors.
Horizon Technology Finance Company Profile
(
Get Free Report)
Horizon Technology Finance Corporation NASDAQ: HRZN is a business development company that provides secured venture loans to companies backed by venture capital and private equity investors. The company focuses on lending to businesses that may have limited access to traditional bank financing but possess growth potential and institutional investor support.
Horizon primarily serves companies in the technology, life sciences, healthcare information and services, and sustainability sectors.
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