Horizon Technology Finance Corp (NASDAQ:HRZN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Horizon Technology Finance Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company makes secured loans to development-stage companies in the technology, life science, healthcare information and services, and cleantech industries. Horizon Technology Finance Corporation is headquartered in Farmington, United States of America. “

A number of other equities analysts also recently issued reports on the company. Compass Point restated a “sell” rating and set a $10.00 price objective on shares of Horizon Technology Finance Corp in a research report on Thursday, July 6th. ValuEngine downgraded Horizon Technology Finance Corp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. National Securities restated a “neutral” rating and set a $10.00 price objective (down from $11.00) on shares of Horizon Technology Finance Corp in a research report on Monday, August 7th. Maxim Group upgraded Horizon Technology Finance Corp from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, August 23rd. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of Horizon Technology Finance Corp in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Horizon Technology Finance Corp currently has a consensus rating of “Hold” and a consensus target price of $10.75.

Shares of Horizon Technology Finance Corp (HRZN) traded down $0.04 on Friday, hitting $10.95. The stock had a trading volume of 49,028 shares, compared to its average volume of 53,645. Horizon Technology Finance Corp has a 52 week low of $9.64 and a 52 week high of $11.75. The company has a market capitalization of $126.12 million, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87.

Horizon Technology Finance Corp (NASDAQ:HRZN) last issued its quarterly earnings data on Tuesday, October 31st. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. Horizon Technology Finance Corp had a return on equity of 9.96% and a net margin of 24.46%. The company had revenue of $6.77 million during the quarter, compared to the consensus estimate of $6.39 million. sell-side analysts anticipate that Horizon Technology Finance Corp will post 1.1 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HRZN. LSV Asset Management grew its stake in Horizon Technology Finance Corp by 28.8% during the fourth quarter. LSV Asset Management now owns 188,466 shares of the investment management company’s stock worth $2,210,000 after purchasing an additional 42,100 shares during the period. West Family Investments Inc. grew its stake in Horizon Technology Finance Corp by 1.9% in the fourth quarter. West Family Investments Inc. now owns 206,354 shares of the investment management company’s stock valued at $2,421,000 after acquiring an additional 3,800 shares during the period. JPMorgan Chase & Co. acquired a new stake in Horizon Technology Finance Corp in the first quarter valued at approximately $138,000. UBS Group AG grew its stake in Horizon Technology Finance Corp by 5.0% in the first quarter. UBS Group AG now owns 289,665 shares of the investment management company’s stock valued at $3,363,000 after acquiring an additional 13,920 shares during the period. Finally, AXA grew its stake in Horizon Technology Finance Corp by 22.0% in the first quarter. AXA now owns 20,503 shares of the investment management company’s stock valued at $238,000 after acquiring an additional 3,700 shares during the period. 18.12% of the stock is owned by institutional investors and hedge funds.

Horizon Technology Finance Corp 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.

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Analyst Recommendations for Horizon Technology Finance Corp (NASDAQ:HRZN)

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