Horizon Technology Finance Corporation (NASDAQ:HRZN) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued on Wednesday.

Several other research analysts have also recently commented on HRZN. Raymond James Financial, Inc. raised shares of Horizon Technology Finance Corporation from an “underperform” rating to a “market perform” rating in a report on Thursday. National Securities reaffirmed a “sell” rating and set a $10.00 target price on shares of Horizon Technology Finance Corporation in a report on Thursday. Zacks Investment Research cut shares of Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. ValuEngine raised shares of Horizon Technology Finance Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Maxim Group raised shares of Horizon Technology Finance Corporation from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $10.75.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The firm had revenue of $6.77 million for the quarter, compared to analysts’ expectations of $6.39 million. Horizon Technology Finance Corporation had a net margin of 24.46% and a return on equity of 9.96%.

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A number of large investors have recently made changes to their positions in the stock. Horizon Investments LLC increased its stake in Horizon Technology Finance Corporation by 1.0% in the fourth quarter. Horizon Investments LLC now owns 10,223 shares of the investment management company’s stock valued at $108,000 after acquiring an additional 103 shares during the last quarter. Wells Fargo & Company MN increased its stake in Horizon Technology Finance Corporation by 2.2% in the first quarter. Wells Fargo & Company MN now owns 65,616 shares of the investment management company’s stock valued at $730,000 after acquiring an additional 1,414 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Horizon Technology Finance Corporation by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 493,040 shares of the investment management company’s stock valued at $6,686,000 after acquiring an additional 1,450 shares during the last quarter. LSV Asset Management increased its stake in Horizon Technology Finance Corporation by 1.3% in the first quarter. LSV Asset Management now owns 191,000 shares of the investment management company’s stock valued at $2,125,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Founders Financial Securities LLC increased its stake in Horizon Technology Finance Corporation by 25.8% in the first quarter. Founders Financial Securities LLC now owns 12,646 shares of the investment management company’s stock valued at $141,000 after acquiring an additional 2,591 shares during the last quarter. 18.12% of the stock is currently owned by institutional investors and hedge funds.

About Horizon Technology Finance Corporation

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 Corporation (NASDAQ:HRZN)

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