TheStreet cut shares of Horizon Technology Finance Corp. (NASDAQ:HRZN) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

HRZN has been the subject of several other research reports. Compass Point lowered shares of Horizon Technology Finance Corp. from a neutral rating to a sell rating in a research note on Wednesday, November 2nd. National Securities restated a buy rating and set a $14.00 price target on shares of Horizon Technology Finance Corp. in a research note on Thursday, August 4th. Citigroup Inc. lowered shares of Horizon Technology Finance Corp. to a market perform rating and set a $14.00 price target for the company. in a research note on Thursday, August 4th. They noted that the move was a valuation call. Maxim Group lowered shares of Horizon Technology Finance Corp. from a buy rating to a hold rating and decreased their price target for the stock from $14.00 to $13.75 in a research note on Thursday, August 4th. Finally, Oppenheimer Holdings Inc. lowered shares of Horizon Technology Finance Corp. from an outperform rating to a market perform rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $13.34.

Horizon Technology Finance Corp. (NASDAQ:HRZN) traded up 0.54% during midday trading on Monday, reaching $11.23. The stock has a market capitalization of $129.68 million, a PE ratio of 17.15 and a beta of 0.83. Horizon Technology Finance Corp. has a one year low of $9.01 and a one year high of $13.95. The stock’s 50-day moving average price is $12.30 and its 200-day moving average price is $12.71.

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

In related news, CEO Robert D. Jr. Pomeroy acquired 4,225 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was bought at an average cost of $10.50 per share, with a total value of $44,362.50. Following the acquisition, the chief executive officer now owns 62,117 shares of the company’s stock, valued at approximately $652,228.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of HRZN. Advisors Asset Management Inc. increased its stake in 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 in the last quarter. UBS Group AG increased its stake in 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 worth $3,908,000 after buying an additional 6,214 shares in the last quarter. Two Sigma Advisers LP increased its stake in 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 worth $1,159,000 after buying an additional 20,099 shares in the last quarter. Guggenheim Capital LLC increased its stake in Horizon Technology Finance Corp. by 53.5% in the second quarter. Guggenheim Capital LLC now owns 72,216 shares of the investment management company’s stock worth $881,000 after buying an additional 25,181 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Horizon Technology Finance Corp. by 109.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,286 shares of the investment management company’s stock worth $572,000 after buying an additional 25,746 shares in the last quarter. 17.04% of the stock is owned by institutional investors.

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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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