Horizon Technology Finance (NASDAQ:HRZN) Rating Lowered to Sell at StockNews.com

Horizon Technology Finance (NASDAQ:HRZN) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Separately, Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price on the stock in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Horizon Technology Finance presently has a consensus rating of “Hold” and a consensus price target of $9.35.

Horizon Technology Finance Stock Up 1.3 %

Shares of Horizon Technology Finance stock opened at $9.80 on Thursday. The firm has a market cap of $390.82 million, a price-to-earnings ratio of -81.67 and a beta of 1.22. The business has a fifty day simple moving average of $9.25 and a 200-day simple moving average of $9.94. Horizon Technology Finance has a fifty-two week low of $8.46 and a fifty-two week high of $13.29.

Insider Buying and Selling

In other news, Director Michael Balkin purchased 20,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $8.53 per share, with a total value of $170,600.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $170,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Gerald A. Michaud purchased 8,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost of $9.31 per share, with a total value of $74,480.00. Following the completion of the purchase, the president now directly owns 169,309 shares in the company, valued at approximately $1,576,266.79. This represents a 4.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Horizon Technology Finance

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in shares of Horizon Technology Finance during the 3rd quarter worth about $25,000. Private Trust Co. NA acquired a new position in shares of Horizon Technology Finance during the 3rd quarter valued at about $38,000. Quantbot Technologies LP acquired a new position in shares of Horizon Technology Finance during the 3rd quarter valued at about $99,000. Crew Capital Management Ltd. acquired a new position in shares of Horizon Technology Finance during the 4th quarter valued at about $99,000. Finally, Mutual Advisors LLC acquired a new position in shares of Horizon Technology Finance during the 4th quarter valued at about $106,000. 4.94% of the stock is owned by hedge funds and other institutional investors.

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.