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

Horizon Technology Finance Co. (NASDAQ:HRZNGet Free Report) 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.

View Our Latest Report on Horizon Technology Finance

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:HRZNGet Free Report) 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

(Get Free Report)

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.

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