Horizon Technology Finance Corporation (HRZN) Receives Average Rating of “Hold” from Brokerages

Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $10.75.

HRZN has been the subject of several research analyst reports. Maxim Group reiterated a “hold” rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. National Securities lowered shares of Horizon Technology Finance Corporation from a “neutral” rating to a “sell” rating and set a $10.00 price objective for the company. in a research note on Tuesday, October 17th. Compass Point reiterated a “sell” rating and issued a $10.00 price objective on shares of Horizon Technology Finance Corporation in a research note on Thursday, July 6th. ValuEngine lowered shares of Horizon Technology Finance Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Horizon Technology Finance Corporation in a research note on Thursday, August 3rd.

A number of institutional investors and hedge funds have recently bought and sold shares of HRZN. Wells Fargo & Company MN boosted its holdings in Horizon Technology Finance Corporation by 2.2% during the 1st quarter. Wells Fargo & Company MN now owns 65,616 shares of the investment management company’s stock worth $730,000 after acquiring an additional 1,414 shares during the last quarter. West Family Investments Inc. boosted its holdings in Horizon Technology Finance Corporation by 49.0% during the 2nd quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock worth $1,866,000 after acquiring an additional 52,156 shares during the last quarter. Investment Centers of America Inc. purchased a new position in Horizon Technology Finance Corporation during the 2nd quarter worth $136,000. Royal Bank of Canada boosted its holdings in Horizon Technology Finance Corporation by 25.8% during the 2nd quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock worth $235,000 after acquiring an additional 4,252 shares during the last quarter. Finally, WFG Advisors LP boosted its holdings in Horizon Technology Finance Corporation by 30.8% during the 2nd quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock worth $283,000 after acquiring an additional 5,878 shares during the last quarter. 18.12% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) opened at 10.55 on Wednesday. The firm has a 50-day moving average of $11.01 and a 200 day moving average of $11.09. Horizon Technology Finance Corporation has a 52 week low of $9.64 and a 52 week high of $11.75.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.05. Horizon Technology Finance Corporation had a negative net margin of 6.72% and a positive return on equity of 10.24%. On average, analysts predict that Horizon Technology Finance Corporation will post $1.09 earnings per share for the current fiscal year.

About Horizon Technology Finance Corporation

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

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