Horizon Technology Finance (NASDAQ:HRZN – Free Report) had its target price cut by Keefe, Bruyette & Woods from $9.50 to $9.00 in a research report report published on Thursday, Benzinga reports. They currently have an underperform rating on the investment management company’s stock.
Horizon Technology Finance Trading Down 3.4 %
Horizon Technology Finance stock traded down $0.39 during midday trading on Thursday, reaching $11.22. 439,826 shares of the stock traded hands, compared to its average volume of 234,402. The firm has a fifty day moving average price of $11.99 and a two-hundred day moving average price of $12.04. The firm has a market cap of $404.59 million, a price-to-earnings ratio of -26.71 and a beta of 1.24. Horizon Technology Finance has a fifty-two week low of $10.75 and a fifty-two week high of $13.73.
Horizon Technology Finance (NASDAQ:HRZN – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The investment management company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $25.68 million during the quarter, compared to analyst estimates of $26.74 million. Horizon Technology Finance had a negative net margin of 21.19% and a positive return on equity of 17.39%. During the same period in the prior year, the business posted $0.54 EPS. Analysts anticipate that Horizon Technology Finance will post 1.47 earnings per share for the current year.
Horizon Technology Finance Dividend Announcement
Institutional Trading of Horizon Technology Finance
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC acquired a new stake in shares of Horizon Technology Finance during the fourth quarter valued at approximately $52,000. Cape Investment Advisory Inc. acquired a new position in Horizon Technology Finance in the 4th quarter valued at approximately $56,000. International Assets Investment Management LLC acquired a new position in Horizon Technology Finance in the 2nd quarter valued at approximately $66,000. Capstone Investment Advisors LLC acquired a new position in Horizon Technology Finance in the 4th quarter valued at approximately $132,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in Horizon Technology Finance in the 4th quarter valued at approximately $134,000. 4.94% of the stock is owned by institutional investors and hedge funds.
About Horizon Technology Finance
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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