Horizon Technology Finance Corporation (NASDAQ:HRZN) Stock Has Consensus Target Price of $5.00

Horizon Technology Finance Corporation (NASDAQ:HRZN) has been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.00.

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on Horizon Technology Finance from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday, August 21st. UBS Group upped their target price on Horizon Technology Finance from $4.25 to $4.50 and gave the company a “neutral” rating in a research report on Tuesday, September 1st. Weiss Ratings downgraded shares of Horizon Technology Finance from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, August 19th. Oppenheimer reduced their price target on shares of Horizon Technology Finance from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Friday, August 7th. Finally, Compass Point began coverage on shares of Horizon Technology Finance in a research note on Thursday, August 27th. They set a “buy” rating and a $5.50 price objective for the company.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Green Alpha Advisors LLC acquired a new stake in Horizon Technology Finance during the 2nd quarter worth about $2,033,000. Legal & General Group Plc purchased a new position in shares of Horizon Technology Finance during the 2nd quarter valued at about $1,821,000. Bank of America Corp DE acquired a new position in shares of Horizon Technology Finance in the 2nd quarter valued at about $1,068,000. BlackRock Inc. acquired a new position in shares of Horizon Technology Finance in the 2nd quarter valued at about $856,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Horizon Technology Finance in the second quarter worth about $423,000. Hedge funds and other institutional investors own 4.94% of the company’s stock.

Horizon Technology Finance Price Performance

NASDAQ HRZN opened at $3.96 on Tuesday. The company has a market cap of $265.45 million, a price-to-earnings ratio of 11.00 and a beta of 1.00. The stock’s fifty day moving average price is $4.64 and its 200 day moving average price is $4.50. Horizon Technology Finance has a 1 year low of $3.80 and a 1 year high of $6.85.

Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $25.05 million for the quarter, compared to analyst estimates of $25.22 million. Horizon Technology Finance had a return on equity of 11.15% and a net margin of 5.27%. Research analysts expect that Horizon Technology Finance will post 0.63 earnings per share for the current year.

Horizon Technology Finance Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, November 17th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, November 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 18.2%. Horizon Technology Finance’s dividend payout ratio is presently 200.00%.

Horizon Technology Finance Company Profile

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a specialty finance company that has elected to be regulated as a business development company. It provides secured venture loans to development-stage companies backed by venture capital or private equity investors.

The company primarily finances businesses in the technology, life sciences, healthcare information and sustainability sectors. Its lending solutions are designed to support needs such as product development, commercialization, acquisitions, working capital and other corporate purposes.