Horizon Technology Finance Corp (NASDAQ:HRZN) has been given an average rating of “Hold” by the seven brokerages that are currently covering the firm. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.92.

A number of equities analysts recently commented on HRZN shares. Zacks Investment Research cut Horizon Technology Finance Corp from a “buy” rating to a “hold” rating in a report on Thursday, March 9th. TheStreet cut Horizon Technology Finance Corp from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Finally, National Securities reiterated a “neutral” rating and set a $11.00 price target on shares of Horizon Technology Finance Corp in a report on Monday, March 13th.

Shares of Horizon Technology Finance Corp (NASDAQ:HRZN) opened at 10.79 on Thursday. The stock has a 50 day moving average price of $11.19 and a 200 day moving average price of $11.83. Horizon Technology Finance Corp has a 1-year low of $9.64 and a 1-year high of $13.95.

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, topping analysts’ consensus estimates of $0.31 by $0.02. Horizon Technology Finance Corp had a positive return on equity of 11.33% and a negative net margin of 4.62%. The business earned $7 million during the quarter, compared to analysts’ expectations of $7.36 million. During the same quarter last year, the company posted $0.35 earnings per share. Horizon Technology Finance Corp’s quarterly revenue was down 18.6% on a year-over-year basis. Analysts expect that Horizon Technology Finance Corp will post $1.22 EPS for the current year.

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

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Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted 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 valued at $6,686,000 after buying an additional 1,450 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Horizon Technology Finance Corp by 27.3% in the fourth quarter. Guggenheim Capital LLC now owns 166,046 shares of the investment management company’s stock valued at $1,748,000 after buying an additional 35,572 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Horizon Technology Finance Corp by 10.1% in the fourth quarter. Two Sigma Investments LP now owns 93,589 shares of the investment management company’s stock valued at $985,000 after buying an additional 8,566 shares during the last quarter. Wells Fargo & Company MN boosted its stake 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 worth $625,000 after buying an additional 2,796 shares in the last quarter. Finally, Nuveen Fund Advisors LLC boosted its stake 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 worth $552,000 after buying an additional 23,718 shares in the last quarter. Institutional investors and hedge funds own 17.27% 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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