Horizon Technology Finance Corp. (NASDAQ:HRZN) has received an average recommendation of “Hold” from the ten analysts that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.45.

A number of equities research analysts have issued reports on the stock. National Securities reiterated a “buy” rating and set a $14.00 price objective on shares of Horizon Technology Finance Corp. in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. downgraded shares of Horizon Technology Finance Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 4th. Citigroup Inc. downgraded shares of Horizon Technology Finance Corp. to a “market perform” rating and set a $14.00 price objective on the stock. in a research note on Thursday, August 4th. They noted that the move was a valuation call. Maxim Group downgraded shares of Horizon Technology Finance Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $14.00 to $13.75 in a research note on Thursday, August 4th. Finally, Compass Point downgraded shares of Horizon Technology Finance Corp. from a “neutral” rating to a “sell” rating in a research note on Wednesday, November 2nd.

Shares of Horizon Technology Finance Corp. (NASDAQ:HRZN) opened at 11.06 on Monday. Horizon Technology Finance Corp. has a 1-year low of $9.01 and a 1-year high of $13.95. The company’s 50 day moving average is $12.81 and its 200-day moving average is $12.72.

Horizon Technology Finance Corp. (NASDAQ:HRZN) last announced its quarterly earnings data on Tuesday, November 1st. The investment management company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $7.61 million for the quarter, compared to the consensus estimate of $8.34 million. Horizon Technology Finance Corp. had a negative net margin of 4.62% and a positive return on equity of 11.33%. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. On average, analysts anticipate that Horizon Technology Finance Corp. will post $1.45 EPS for the current fiscal year.

In other Horizon Technology Finance Corp. news, CEO Robert D. Jr. Pomeroy acquired 4,225 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $44,362.50. Following the acquisition, the chief executive officer now directly owns 62,117 shares in the company, valued at $652,228.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG raised its position in shares of Horizon Technology Finance Corp. by 5.0% in the first quarter. UBS Group AG now owns 289,665 shares of the investment management company’s stock worth $3,363,000 after buying an additional 13,920 shares during the period. AXA raised its position in shares of Horizon Technology Finance Corp. by 22.0% in the first quarter. AXA now owns 20,503 shares of the investment management company’s stock worth $238,000 after buying an additional 3,700 shares during the period. GAM Holding AG acquired a new position in shares of Horizon Technology Finance Corp. during the third quarter worth about $119,000. Advisors Asset Management Inc. raised its position in shares of Horizon Technology Finance Corp. by 0.3% in the third quarter. Advisors Asset Management Inc. now owns 493,040 shares of the investment management company’s stock worth $6,686,000 after buying an additional 1,450 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Horizon Technology Finance Corp. by 6.5% in the third quarter. Wells Fargo & Company MN now owns 46,075 shares of the investment management company’s stock worth $625,000 after buying an additional 2,796 shares during the period. Institutional investors and hedge funds own 18.53% of the company’s stock.

About Horizon Technology Finance Corp.

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

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