Raymond James Financial, Inc. reaffirmed their underperform rating on shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) in a report issued on Thursday morning, Marketbeat reports.

Several other research analysts have also commented on the stock. National Securities reissued a neutral rating and issued a $11.00 price objective on shares of Horizon Technology Finance Corporation in a research note on Monday, May 8th. Compass Point reiterated a sell rating and issued a $10.00 price target on shares of Horizon Technology Finance Corporation in a research note on Thursday, July 6th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $11.00 price target on shares of Horizon Technology Finance Corporation in a research note on Friday, April 28th. Zacks Investment Research downgraded shares of Horizon Technology Finance Corporation from a hold rating to a strong sell rating in a research note on Friday, May 5th. Finally, Maxim Group reiterated a hold rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Horizon Technology Finance Corporation has an average rating of Hold and a consensus price target of $11.00.

Shares of Horizon Technology Finance Corporation (HRZN) remained flat at $10.79 during midday trading on Thursday. The company had a trading volume of 23,516 shares. Horizon Technology Finance Corporation has a one year low of $9.64 and a one year high of $13.93. The stock’s 50-day moving average is $11.39 and its 200-day moving average is $11.25.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last posted its quarterly earnings data on Tuesday, August 1st. The investment management company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Horizon Technology Finance Corporation had a negative net margin of 6.72% and a positive return on equity of 10.24%. The business had revenue of $5.88 million during the quarter, compared to analysts’ expectations of $6.71 million. During the same period in the previous year, the business posted $0.39 EPS. The company’s revenue for the quarter was down 35.3% compared to the same quarter last year. On average, analysts forecast that Horizon Technology Finance Corporation will post $1.07 EPS for the current year.

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The company also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a $1.20 dividend on an annualized basis and a yield of 11.12%. Horizon Technology Finance Corporation’s dividend payout ratio is currently -749.95%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. West Family Investments Inc. increased its position in shares of Horizon Technology Finance Corporation by 49.0% in the second quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock worth $1,866,000 after buying an additional 52,156 shares in the last quarter. UBS Group AG increased its position in shares of Horizon Technology Finance Corporation by 18.5% in the first quarter. UBS Group AG now owns 370,154 shares of the investment management company’s stock worth $4,120,000 after buying an additional 57,715 shares in the last quarter. Infrastructure Capital Advisors LLC purchased a new position in shares of Horizon Technology Finance Corporation during the first quarter worth about $184,000. Nwam LLC purchased a new position in shares of Horizon Technology Finance Corporation during the first quarter worth about $174,000. Finally, LSV Asset Management increased its position in shares of Horizon Technology Finance Corporation by 1.3% in the first quarter. LSV Asset Management now owns 191,000 shares of the investment management company’s stock worth $2,125,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 17.39% of the company’s stock.

Horizon Technology Finance Corporation Company Profile

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

Analyst Recommendations for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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