Horizon Technology Finance (NASDAQ:HRZN) Upgraded at StockNews.com

StockNews.com upgraded shares of Horizon Technology Finance (NASDAQ:HRZN) from a sell rating to a hold rating in a research note published on Wednesday.

Separately, Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target on the stock in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.35.

Horizon Technology Finance Price Performance

Horizon Technology Finance stock opened at $9.86 on Wednesday. Horizon Technology Finance has a one year low of $8.46 and a one year high of $13.38. The stock’s 50 day moving average is $9.22 and its 200 day moving average is $9.99. The firm has a market cap of $393.22 million, a P/E ratio of -82.17 and a beta of 1.22.

Insider Transactions at Horizon Technology Finance

In other news, Director Michael Balkin bought 20,000 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of $8.53 per share, with a total value of $170,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $170,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Gerald A. Michaud bought 8,000 shares of the stock in a transaction dated Monday, November 25th. The shares were purchased 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 disclosure for this purchase can be found here. 1.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Horizon Technology Finance

A number of institutional investors have recently modified their holdings of HRZN. Green Alpha Advisors LLC grew its holdings in Horizon Technology Finance by 28.1% during the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock worth $2,611,000 after buying an additional 63,709 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Horizon Technology Finance during the fourth quarter worth $788,000. Dynamic Technology Lab Private Ltd bought a new stake in Horizon Technology Finance during the third quarter worth $217,000. JPMorgan Chase & Co. bought a new stake in Horizon Technology Finance during the third quarter worth $117,000. Finally, International Assets Investment Management LLC grew its holdings in Horizon Technology Finance by 810.1% during the third quarter. International Assets Investment Management LLC now owns 50,055 shares of the investment management company’s stock worth $5,330,000 after buying an additional 44,555 shares in the last quarter. 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.