Keefe, Bruyette & Woods reiterated their hold rating on shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) in a research note released on Tuesday morning. They currently have a $11.00 price target on the investment management company’s stock.

Several other research analysts have also issued reports on HRZN. Zacks Investment Research lowered Horizon Technology Finance Corporation from a hold rating to a strong sell rating in a research note on Friday, May 5th. National Securities reiterated a neutral rating and set a $11.00 price objective on shares of Horizon Technology Finance Corporation in a research note on Monday, May 8th. Finally, Compass Point reiterated a sell rating and set a $10.00 price objective on shares of Horizon Technology Finance Corporation in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Horizon Technology Finance Corporation has a consensus rating of Hold and an average target price of $12.13.

Shares of Horizon Technology Finance Corporation (HRZN) traded up 0.63% during trading on Tuesday, hitting $11.16. 52,634 shares of the stock traded hands. The firm’s 50-day moving average price is $11.39 and its 200-day moving average price is $11.25. Horizon Technology Finance Corporation has a 52 week low of $9.64 and a 52 week high of $13.95.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, May 2nd. The investment management company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02. Horizon Technology Finance Corporation had a positive return on equity of 11.17% and a negative net margin of 8.67%. The company had revenue of $6.96 million for the quarter, compared to analyst estimates of $6.90 million. Analysts forecast that Horizon Technology Finance Corporation will post $1.14 earnings per share for the current fiscal year.

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The business also recently disclosed a monthly dividend, which was paid on Friday, July 14th. Shareholders of record on Tuesday, June 20th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, June 16th. This represents a $1.20 annualized dividend and a yield of 10.75%. Horizon Technology Finance Corporation’s dividend payout ratio is currently -521.72%.

In related news, Director Joseph J. Savage acquired 7,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was purchased at an average cost of $11.27 per share, for a total transaction of $78,890.00. Following the completion of the purchase, the director now directly owns 8,500 shares of the company’s stock, valued at approximately $95,795. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. UBS Group AG boosted its stake 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 valued at $4,120,000 after buying an additional 57,715 shares during the last quarter. Infrastructure Capital Advisors LLC acquired a new stake in shares of Horizon Technology Finance Corporation during the first quarter valued at approximately $184,000. Nwam LLC acquired a new stake in shares of Horizon Technology Finance Corporation during the first quarter valued at approximately $174,000. LSV Asset Management boosted its stake 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 valued at $2,125,000 after buying an additional 2,500 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Horizon Technology Finance Corporation by 2.2% in the first quarter. Wells Fargo & Company MN now owns 65,616 shares of the investment management company’s stock valued at $730,000 after buying an additional 1,414 shares during the last quarter. Institutional investors own 17.45% 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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