Horizon Technology Finance Co. (NASDAQ:HRZN) Short Interest Update

Horizon Technology Finance Co. (NASDAQ:HRZN) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 478,400 shares, an increase of 23.7% from the February 13th total of 386,800 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 420,800 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HRZN shares. Keefe, Bruyette & Woods decreased their target price on shares of Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating for the company in a research note on Friday, March 7th. Maxim Group decreased their target price on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 10th. StockNews.com cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price for the company in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.75.

Institutional Investors Weigh In On Horizon Technology Finance

Large investors have recently modified their holdings of the business. Private Trust Co. NA purchased a new stake in shares of Horizon Technology Finance during the third quarter worth $38,000. Quantbot Technologies LP purchased a new stake in shares of Horizon Technology Finance during the third quarter worth $99,000. JPMorgan Chase & Co. purchased a new stake in shares of Horizon Technology Finance during the third quarter worth $117,000. Crew Capital Management Ltd. purchased a new stake in shares of Horizon Technology Finance during the fourth quarter worth $99,000. Finally, Mutual Advisors LLC purchased a new stake in shares of Horizon Technology Finance during the fourth quarter worth $106,000. Hedge funds and other institutional investors own 4.94% of the company’s stock.

Horizon Technology Finance Stock Performance

Shares of NASDAQ HRZN opened at $9.25 on Tuesday. The firm has a market cap of $372.91 million, a PE ratio of -77.08 and a beta of 1.18. The firm has a fifty day moving average of $9.41 and a 200 day moving average of $9.71. Horizon Technology Finance has a one year low of $8.46 and a one year high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings results on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). The company had revenue of $23.55 million during the quarter, compared to analysts’ expectations of $25.69 million. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%. On average, equities analysts predict that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 14.27%. The ex-dividend date of this dividend is Monday, March 17th. Horizon Technology Finance’s payout ratio is -1,100.00%.

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.