Horizon Technology Finance (NASDAQ:HRZN) Issues Quarterly Earnings Results

Horizon Technology Finance (NASDAQ:HRZN) issued its quarterly earnings data on Tuesday. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.04), Zacks reports. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%.

Horizon Technology Finance Stock Down 1.7 %

Shares of HRZN traded down $0.17 during midday trading on Tuesday, hitting $9.60. The company’s stock had a trading volume of 356,987 shares, compared to its average volume of 336,199. The stock has a market capitalization of $382.81 million, a price-to-earnings ratio of -80.00 and a beta of 1.22. Horizon Technology Finance has a one year low of $8.46 and a one year high of $12.63. The company’s fifty day simple moving average is $9.38 and its two-hundred day simple moving average is $9.85.

Insider Buying and Selling

In other news, Director Michael Balkin purchased 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were purchased 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 of the company’s stock, valued at $170,600. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HRZN has been the subject of a number of research analyst reports. StockNews.com lowered shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target for the company in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $9.19.

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.