Horizon Technology Finance Corporation (NASDAQ:HRZN) Receives Average Rating of “Hold” from Analysts

Horizon Technology Finance Corporation (NASDAQ:HRZN) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.00.

A number of research analysts recently commented on the company. Oppenheimer decreased their price objective on 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 initiated coverage on Horizon Technology Finance in a research note on Thursday, August 27th. They set a “buy” rating and a $5.50 target price for the company. UBS Group lifted their target price on Horizon Technology Finance from $4.25 to $4.50 and gave the company a “neutral” rating in a research report on Tuesday, September 1st. Weiss Ratings lowered Horizon Technology Finance from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, August 19th. Finally, Keefe, Bruyette & Woods lowered their price target on Horizon Technology Finance from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Friday, August 21st.

Horizon Technology Finance Price Performance

Shares of HRZN stock opened at $4.62 on Friday. The firm’s 50-day moving average is $4.70 and its two-hundred day moving average is $4.48. Horizon Technology Finance has a 12 month low of $3.80 and a 12 month high of $6.85. The company has a market capitalization of $309.68 million, a PE ratio of 12.83 and a beta of 1.00.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, August 4th. The investment management company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $25.05 million during the quarter, compared to analyst estimates of $25.22 million. Horizon Technology Finance had a net margin of 5.27% and a return on equity of 11.15%. Sell-side analysts forecast that Horizon Technology Finance will post 0.63 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, November 17th will be given a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $0.72 dividend on an annualized basis and a yield of 15.6%. Horizon Technology Finance’s dividend payout ratio is presently 200.00%.

Institutional Investors Weigh In On Horizon Technology Finance

Institutional investors have recently made changes to their positions in the stock. Ausdal Financial Partners Inc. purchased a new stake in shares of Horizon Technology Finance in the 2nd quarter valued at approximately $54,000. Sanctuary Advisors LLC purchased a new position in shares of Horizon Technology Finance during the 1st quarter worth approximately $50,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Horizon Technology Finance during the 1st quarter worth approximately $52,000. Chapin Davis Inc. acquired a new stake in Horizon Technology Finance in the 2nd quarter valued at approximately $60,000. Finally, HighTower Advisors LLC acquired a new stake in Horizon Technology Finance in the 2nd quarter valued at approximately $61,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a specialty finance company that operates as a business development company. It provides secured venture loans and other forms of debt financing to emerging-growth companies backed by venture capital or private equity investors.

The company primarily serves businesses in the technology, life sciences, healthcare information technology, and sustainability sectors. Its financing solutions may support product development, capital expenditures, acquisitions, working capital, and other corporate needs.