Horizon Technology Finance (NASDAQ:HRZN) Stock Rating Upgraded by Compass Point

Compass Point upgraded shares of Horizon Technology Finance (NASDAQ:HRZN) from a sell rating to a neutral rating in a research note published on Tuesday, MarketBeat reports. They currently have $8.25 target price on the investment management company’s stock.

Horizon Technology Finance Trading Up 0.5 %

Shares of Horizon Technology Finance stock opened at $8.83 on Tuesday. The company has a 50-day moving average of $9.54 and a two-hundred day moving average of $10.80. Horizon Technology Finance has a 12-month low of $8.46 and a 12-month high of $13.73. The stock has a market cap of $309.24 million, a PE ratio of -73.58 and a beta of 1.22.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, October 29th. The investment management company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $24.56 million during the quarter, compared to analysts’ expectations of $25.38 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. During the same period in the previous year, the business earned $0.53 earnings per share. On average, sell-side analysts forecast that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.32 annualized dividend and a dividend yield of 14.95%. Horizon Technology Finance’s dividend payout ratio is presently -1,100.00%.

Insider Buying and Selling at Horizon Technology Finance

In other Horizon Technology Finance news, President Gerald A. Michaud purchased 8,000 shares of the stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of $9.31 per share, for a total transaction of $74,480.00. Following the completion of the transaction, the president now directly owns 169,309 shares of the company’s stock, valued at $1,576,266.79. This trade represents a 4.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Balkin acquired 20,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $8.53 per share, with a total value of $170,600.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at approximately $170,600. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Horizon Technology Finance

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in Horizon Technology Finance during the 3rd quarter worth about $25,000. Private Trust Co. NA purchased a new stake in shares of Horizon Technology Finance during the third quarter worth about $38,000. International Assets Investment Management LLC acquired a new position in shares of Horizon Technology Finance in the second quarter valued at approximately $66,000. Quantbot Technologies LP purchased a new position in shares of Horizon Technology Finance during the third quarter valued at approximately $99,000. Finally, Adell Harriman & Carpenter Inc. acquired a new stake in Horizon Technology Finance during the third quarter worth approximately $128,000. 4.94% of the stock is owned by institutional investors and hedge funds.

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, cleantech and sustainability industries.