Horizon Technology Finance Corp (HRZN) Receives $10.75 Consensus PT from Analysts

Horizon Technology Finance Corp (NASDAQ:HRZN) has received an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.75.

Several equities research analysts have weighed in on the stock. National Securities lowered shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $10.00 target price on the stock. in a report on Tuesday, October 17th. ValuEngine raised shares of Horizon Technology Finance from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. TheStreet raised shares of Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Horizon Technology Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Raymond James Financial raised shares of Horizon Technology Finance from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd.

Several hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of Horizon Technology Finance by 8.4% during the third quarter. Advisors Asset Management Inc. now owns 349,600 shares of the investment management company’s stock worth $3,884,000 after acquiring an additional 27,218 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Horizon Technology Finance by 13.2% during the fourth quarter. Two Sigma Investments LP now owns 47,959 shares of the investment management company’s stock worth $538,000 after acquiring an additional 5,578 shares in the last quarter. Shelton Capital Management increased its position in shares of Horizon Technology Finance by 59.1% during the fourth quarter. Shelton Capital Management now owns 35,000 shares of the investment management company’s stock worth $393,000 after acquiring an additional 13,000 shares in the last quarter. WFG Advisors LP increased its position in shares of Horizon Technology Finance by 30.8% during the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock worth $283,000 after acquiring an additional 5,878 shares in the last quarter. Finally, Kovack Advisors Inc. bought a new stake in shares of Horizon Technology Finance during the fourth quarter worth $260,000. 17.26% of the stock is owned by institutional investors.

Horizon Technology Finance (NASDAQ HRZN) traded up $0.21 on Friday, reaching $11.23. 35,000 shares of the company’s stock traded hands, compared to its average volume of 78,411. The firm has a market capitalization of $128.77, a price-to-earnings ratio of 19.70 and a beta of 0.81. Horizon Technology Finance has a 12 month low of $9.66 and a 12 month high of $11.88.

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Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

Analyst Recommendations for Horizon Technology Finance (NASDAQ:HRZN)

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