Horizon Technology Finance (NASDAQ:HRZN) Now Covered by Analysts at B. Riley

B. Riley started coverage on shares of Horizon Technology Finance (NASDAQ:HRZN) in a research report report published on Tuesday. The firm issued a neutral rating and a $7.00 price target on the investment management company’s stock.

HRZN has been the topic of several other research reports. Compass Point cut shares of Horizon Technology Finance from a “neutral” rating to a “sell” rating and set a $6.50 price objective on the stock. in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods reduced their price objective on shares of Horizon Technology Finance from $8.00 to $7.50 and set an “underperform” rating on the stock in a research report on Tuesday, April 8th. StockNews.com cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Maxim Group reduced their price objective on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Finally, UBS Group reduced their price objective on shares of Horizon Technology Finance from $9.00 to $8.25 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.45.

Horizon Technology Finance Trading Down 0.5%

NASDAQ HRZN opened at $7.55 on Tuesday. Horizon Technology Finance has a 12 month low of $7.12 and a 12 month high of $12.63. The stock has a market cap of $304.68 million, a price-to-earnings ratio of -62.92 and a beta of 1.05. The company’s 50 day moving average is $8.55 and its two-hundred day moving average is $9.06.

Horizon Technology Finance (NASDAQ:HRZN) last released its earnings results on Tuesday, April 29th. The investment management company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The firm had revenue of $24.52 million for the quarter, compared to the consensus estimate of $26.67 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. Sell-side analysts forecast that Horizon Technology Finance will post 1.38 EPS for the current year.

Horizon Technology Finance Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 16th. Investors of record on Monday, August 18th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 17.48%. The ex-dividend date is Monday, August 18th. Horizon Technology Finance’s dividend payout ratio is presently -145.05%.

Institutional Investors Weigh In On Horizon Technology Finance

Large investors have recently bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new stake in Horizon Technology Finance in the first quarter worth $36,000. JPMorgan Chase & Co. bought a new stake in Horizon Technology Finance in the third quarter worth $117,000. Crew Capital Management Ltd. purchased a new position in Horizon Technology Finance during the fourth quarter worth $99,000. Mutual Advisors LLC purchased a new position in Horizon Technology Finance during the fourth quarter worth $106,000. Finally, Quantbot Technologies LP boosted its stake in Horizon Technology Finance by 43.0% during the fourth quarter. Quantbot Technologies LP now owns 13,290 shares of the investment management company’s stock worth $119,000 after buying an additional 3,996 shares during the period. Institutional investors own 4.94% of the company’s stock.

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.