Horizon Technology Finance Corp (NASDAQ:HRZN) has been given a consensus rating of “Hold” by the seven analysts that are covering the company. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.92.

HRZN has been the subject of several recent research reports. Zacks Investment Research raised Horizon Technology Finance Corp from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, February 27th. TheStreet cut Horizon Technology Finance Corp from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Finally, National Securities reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Horizon Technology Finance Corp in a report on Monday, March 13th.

A number of institutional investors have recently bought and sold shares of the stock. Horizon Investments LLC boosted its position in Horizon Technology Finance Corp by 1.0% in the fourth quarter. Horizon Investments LLC now owns 10,223 shares of the investment management company’s stock valued at $108,000 after buying an additional 103 shares during the period. GAM Holding AG purchased a new position in Horizon Technology Finance Corp during the third quarter valued at approximately $119,000. Royal Bank of Canada boosted its position in Horizon Technology Finance Corp by 459.4% in the second quarter. Royal Bank of Canada now owns 19,300 shares of the investment management company’s stock valued at $235,000 after buying an additional 15,850 shares during the period. Nuveen Fund Advisors LLC boosted its position in 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 period. Finally, Wells Fargo & Company MN boosted its position in 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 valued at $625,000 after buying an additional 2,796 shares during the period. 17.27% of the stock is owned by hedge funds and other institutional investors.

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Shares of Horizon Technology Finance Corp (NASDAQ:HRZN) opened at 10.79 on Thursday. Horizon Technology Finance Corp has a 52 week low of $9.64 and a 52 week high of $13.95. The firm’s 50-day moving average price is $11.19 and its 200 day moving average price is $11.83.

Horizon Technology Finance Corp (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, March 7th. The investment management company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm earned $7 million during the quarter, compared to analysts’ expectations of $7.36 million. Horizon Technology Finance Corp had a positive return on equity of 11.33% and a negative net margin of 4.62%. The company’s revenue for the quarter was down 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. Analysts predict that Horizon Technology Finance Corp will post $1.22 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Monday, March 20th will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 16th. This represents a $1.20 annualized dividend and a yield of 11.12%. Horizon Technology Finance Corp’s dividend payout ratio (DPR) is -750.00%.

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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