Shares of Horizon Technology Finance Corp (NASDAQ:HRZN) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $11.00.
HRZN has been the topic of a number of recent research reports. ValuEngine lowered Horizon Technology Finance from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Thursday, March 22nd. Maxim Group reiterated a “buy” rating and set a $12.00 price target on shares of Horizon Technology Finance in a report on Wednesday, May 2nd. National Securities reiterated a “neutral” rating and set a $11.00 price target on shares of Horizon Technology Finance in a report on Thursday, May 3rd. Finally, TheStreet lowered Horizon Technology Finance from a “b-” rating to a “c” rating in a report on Wednesday, April 11th.
Get Horizon Technology Finance alerts:Shares of Horizon Technology Finance traded down $0.12, reaching $10.40, during trading hours on Monday, MarketBeat Ratings reports. The company had a trading volume of 10,829 shares, compared to its average volume of 79,220. Horizon Technology Finance has a 12 month low of $9.66 and a 12 month high of $11.88. The firm has a market capitalization of $121.13 million, a PE ratio of 9.72 and a beta of 0.81.
Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, May 1st. The investment management company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). Horizon Technology Finance had a net margin of 32.86% and a return on equity of 8.96%. The company had revenue of $7.18 million during the quarter, compared to the consensus estimate of $7.18 million. research analysts expect that Horizon Technology Finance will post 1.08 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Tuesday, June 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 18th. This represents a $1.20 annualized dividend and a dividend yield of 11.54%. Horizon Technology Finance’s payout ratio is presently 112.15%.
In other news, President Gerald A. Michaud bought 15,000 shares of the stock in a transaction on Friday, May 18th. The shares were purchased at an average cost of $10.08 per share, for a total transaction of $151,200.00. Following the completion of the purchase, the president now directly owns 70,034 shares in the company, valued at approximately $705,942.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elaine A. Sarsynski bought 3,000 shares of the stock in a transaction on Monday, May 7th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $30,000.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $50,000. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP grew its position in shares of Horizon Technology Finance by 13.2% in the fourth quarter. Two Sigma Investments LP now owns 47,959 shares of the investment management company’s stock valued at $538,000 after purchasing an additional 5,578 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of Horizon Technology Finance by 572.5% in the fourth quarter. Macquarie Group Ltd. now owns 27,586 shares of the investment management company’s stock valued at $310,000 after purchasing an additional 23,484 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Horizon Technology Finance by 24.3% in the fourth quarter. Millennium Management LLC now owns 26,744 shares of the investment management company’s stock valued at $300,000 after purchasing an additional 5,234 shares in the last quarter. Institutional investors own 14.75% of the company’s stock.
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, and cleantech industries.
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