Today, Horizon Technology Finance Corp. (HRZN) Lowered by TheStreet to “Hold”

Today, Horizon Technology Finance Corp. (HRZN) Lowered by TheStreet to “Hold”

TheStreet downgraded shares of Horizon Technology Finance Corp. (NASDAQ:HRZN) from a buy rating to a hold rating in a research note released on Monday morning.

A number of other equities analysts also recently issued reports on the company. Compass Point downgraded Horizon Technology Finance Corp. from a neutral rating to a sell rating in a research report on Wednesday, November 9th. National Securities downgraded Horizon Technology Finance Corp. from a buy rating to a neutral rating and lowered their target price for the stock from $14.00 to $11.00 in a report on Wednesday, November 2nd. Oppenheimer Holdings Inc. downgraded Horizon Technology Finance Corp. from an outperform rating to a market perform rating in a report on Thursday, August 4th. Citigroup Inc. downgraded Horizon Technology Finance Corp. to a market perform rating and set a $14.00 target price for the company. in a report on Thursday, August 4th. They noted that the move was a valuation call. Finally, Maxim Group downgraded Horizon Technology Finance Corp. from a buy rating to a hold rating and lowered their target price for the stock from $14.00 to $13.75 in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Horizon Technology Finance Corp. currently has an average rating of Hold and a consensus price target of $13.34.

Horizon Technology Finance Corp. (NASDAQ:HRZN) opened at 11.26 on Monday. Horizon Technology Finance Corp. has a 52-week low of $9.01 and a 52-week high of $13.95. The firm has a market cap of $130.03 million, a P/E ratio of 17.19 and a beta of 0.83. The firm’s 50-day moving average price is $12.20 and its 200-day moving average price is $12.70.

Horizon Technology Finance Corp. (NASDAQ:HRZN) last issued its quarterly earnings data on Tuesday, November 1st. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. Horizon Technology Finance Corp. had a positive return on equity of 11.33% and a negative net margin of 4.62%. The company earned $7.61 million during the quarter, compared to the consensus estimate of $8.34 million. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was down 9.7% compared to the same quarter last year. Equities research analysts expect that Horizon Technology Finance Corp. will post $1.45 EPS for the current year.

In other news, CEO Robert D. Jr. Pomeroy acquired 4,225 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $44,362.50. Following the completion of the acquisition, the chief executive officer now directly owns 62,117 shares in the company, valued at approximately $652,228.50. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Credit Suisse AG purchased a new stake in Horizon Technology Finance Corp. during the third quarter valued at approximately $191,000. Nuveen Fund Advisors LLC boosted its position in shares of Horizon Technology Finance Corp. by 139.5% in the third quarter. Nuveen Fund Advisors LLC now owns 40,716 shares of the investment management company’s stock valued at $552,000 after buying an additional 23,718 shares during the last quarter. UBS Group AG boosted its position in shares of Horizon Technology Finance Corp. by 2.2% in the third quarter. UBS Group AG now owns 288,229 shares of the investment management company’s stock valued at $3,908,000 after buying an additional 6,214 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Horizon Technology Finance Corp. by 30.7% in the third quarter. Two Sigma Advisers LP now owns 85,496 shares of the investment management company’s stock valued at $1,159,000 after buying an additional 20,099 shares during the last quarter. Finally, GAM Holding AG bought a new position in shares of Horizon Technology Finance Corp. during the third quarter valued at about $119,000. Hedge funds and other institutional investors own 17.04% of the company’s stock.

About Horizon Technology Finance Corp.

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