Horizon Technology Finance Corp (HRZN) Given Consensus Rating of “Hold” by Analysts

Horizon Technology Finance Corp (NASDAQ:HRZN) has earned an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.75.

A number of research firms have recently weighed in on HRZN. Zacks Investment Research raised Horizon Technology Finance from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. National Securities reaffirmed a “sell” rating and issued a $10.00 price objective on shares of Horizon Technology Finance in a research note on Thursday, November 2nd. ValuEngine raised Horizon Technology Finance from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Wells Fargo & Co downgraded Horizon Technology Finance from a “market perform” rating to an “underperform” rating in a research report on Tuesday, January 9th. Finally, TheStreet upgraded Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st.

Horizon Technology Finance (NASDAQ HRZN) opened at $10.76 on Friday. The firm has a market capitalization of $125.89, a PE ratio of 18.88 and a beta of 0.80. Horizon Technology Finance has a one year low of $9.66 and a one year high of $11.88.

Several large investors have recently bought and sold shares of HRZN. Advisors Asset Management Inc. lifted its position in shares of Horizon Technology Finance by 8.4% in the third quarter. Advisors Asset Management Inc. now owns 349,600 shares of the investment management company’s stock worth $3,884,000 after buying an additional 27,218 shares in the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Horizon Technology Finance in the fourth quarter worth about $260,000. Shelton Capital Management purchased a new stake in shares of Horizon Technology Finance in the third quarter worth about $244,000. WFG Advisors LP lifted its position in shares of Horizon Technology Finance by 30.8% in the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock worth $283,000 after buying an additional 5,878 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Horizon Technology Finance by 25.8% in the second quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock worth $235,000 after buying an additional 4,252 shares in the last quarter. Institutional investors own 17.05% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/09/horizon-technology-finance-corp-hrzn-given-consensus-rating-of-hold-by-analysts.html.

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)

Receive News & Ratings for Horizon Technology Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Technology Finance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply