Horizon Technology Finance Corp (NASDAQ:HRZN) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other research firms have also issued reports on HRZN. UBS Group AG (USA) lowered shares of Horizon Technology Finance Corp from a “market perform” rating to an “underperform” rating in a research note on Thursday, August 3rd. National Securities reiterated a “sell” rating and issued a $10.00 target price on shares of Horizon Technology Finance Corp in a research note on Thursday. TheStreet upgraded shares of Horizon Technology Finance Corp from a “c” rating to a “b-” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Horizon Technology Finance Corp from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Maxim Group reiterated a “hold” rating on shares of Horizon Technology Finance Corp in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.75.

Horizon Technology Finance Corp (NASDAQ:HRZN) traded down $0.05 during trading on Friday, hitting $10.95. The company’s stock had a trading volume of 36,551 shares, compared to its average volume of 53,645. Horizon Technology Finance Corp has a 1-year low of $9.64 and a 1-year high of $11.75. The company has a market cap of $126.12 million, a P/E ratio of 9.24, a P/E/G ratio of 2.00 and a beta of 0.87.

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

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Investment Centers of America Inc. bought a new position in Horizon Technology Finance Corp during the second quarter valued at about $136,000. Royal Bank of Canada grew its position in Horizon Technology Finance Corp by 25.8% during the second quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock valued at $235,000 after buying an additional 4,252 shares during the period. WFG Advisors LP grew its position in Horizon Technology Finance Corp by 30.8% during the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock valued at $283,000 after buying an additional 5,878 shares during the period. Wells Fargo & Company MN grew its position in Horizon Technology Finance Corp by 2.2% during the first quarter. Wells Fargo & Company MN now owns 65,616 shares of the investment management company’s stock valued at $730,000 after buying an additional 1,414 shares during the period. Finally, West Family Investments Inc. grew its position in Horizon Technology Finance Corp by 49.0% during the second quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock valued at $1,866,000 after buying an additional 52,156 shares during the period. Institutional investors own 18.12% of the company’s stock.

About Horizon Technology Finance Corp

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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