Horizon Technology Finance (NASDAQ:HRZN) Raised to “Neutral” at Compass Point

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

Horizon Technology Finance Trading Up 2.6 %

HRZN opened at $8.79 on Tuesday. Horizon Technology Finance has a 12-month low of $8.46 and a 12-month high of $13.73. The firm has a 50 day moving average of $9.61 and a two-hundred day moving average of $10.83. The firm has a market capitalization of $334.56 million, a PE ratio of -73.25 and a beta of 1.22.

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

Horizon Technology Finance Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 15.02%. The ex-dividend date is Thursday, January 16th. Horizon Technology Finance’s dividend payout ratio (DPR) is -1,100.00%.

Insider Buying and Selling at Horizon Technology Finance

In other news, President Gerald A. Michaud acquired 8,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was bought at an average price of $9.31 per share, with a total value of $74,480.00. Following the completion of the acquisition, the president now owns 169,309 shares of the company’s stock, valued at approximately $1,576,266.79. This represents a 4.96 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Balkin bought 20,000 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $8.53 per share, for a total transaction 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 corporate insiders.

Institutional Trading of Horizon Technology Finance

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in shares of Horizon Technology Finance by 810.1% during the 3rd quarter. International Assets Investment Management LLC now owns 50,055 shares of the investment management company’s stock valued at $5,330,000 after buying an additional 44,555 shares in the last quarter. Paloma Partners Management Co purchased a new position in Horizon Technology Finance during the third quarter valued at $348,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Horizon Technology Finance in the third quarter valued at about $217,000. Adell Harriman & Carpenter Inc. purchased a new stake in shares of Horizon Technology Finance during the third quarter worth about $128,000. Finally, Quantbot Technologies LP acquired a new position in shares of Horizon Technology Finance during the 3rd quarter worth about $99,000. 4.94% of the stock is owned by institutional investors and hedge funds.

About Horizon Technology Finance

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.