Horizon Technology Finance (NASDAQ:HRZN) Rating Reiterated by B. Riley

B. Riley reaffirmed their neutral rating on shares of Horizon Technology Finance (NASDAQ:HRZNGet Rating) in a research report released on Friday, The Fly reports. They currently have a $10.50 price target on the investment management company’s stock.

Separately, UBS Group assumed coverage on shares of Horizon Technology Finance in a report on Friday, September 9th. They issued a neutral rating and a $12.50 price objective for the company. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $11.50.

Horizon Technology Finance Stock Down 4.2 %

Shares of NASDAQ HRZN opened at $11.59 on Friday. Horizon Technology Finance has a twelve month low of $10.55 and a twelve month high of $19.08. The firm has a market cap of $294.18 million, a P/E ratio of 9.58 and a beta of 1.01. The company has a 50 day moving average of $12.69 and a 200 day moving average of $12.82.

Horizon Technology Finance (NASDAQ:HRZNGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The investment management company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Horizon Technology Finance had a net margin of 39.59% and a return on equity of 11.55%. During the same period last year, the company posted $0.31 earnings per share. As a group, equities analysts expect that Horizon Technology Finance will post 1.29 earnings per share for the current fiscal year.

Horizon Technology Finance Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.20 dividend on an annualized basis and a yield of 10.35%. Horizon Technology Finance’s dividend payout ratio is presently 99.17%.

Insider Buying and Selling at Horizon Technology Finance

In related news, CEO Robert D. Jr. Pomeroy bought 4,000 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was acquired at an average cost of $11.30 per share, for a total transaction of $45,200.00. Following the purchase, the chief executive officer now owns 162,127 shares in the company, valued at $1,832,035.10. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Horizon Technology Finance

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. bought a new stake in shares of Horizon Technology Finance during the 1st quarter valued at $28,000. JPMorgan Chase & Co. grew its position in shares of Horizon Technology Finance by 86.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,969 shares of the investment management company’s stock valued at $46,000 after acquiring an additional 1,841 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Horizon Technology Finance by 508.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,472 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 4,572 shares during the period. BDO Wealth Advisors LLC grew its position in shares of Horizon Technology Finance by 146.4% during the 2nd quarter. BDO Wealth Advisors LLC now owns 5,890 shares of the investment management company’s stock valued at $68,000 after acquiring an additional 3,500 shares during the period. Finally, B. Riley Wealth Management Inc. bought a new stake in shares of Horizon Technology Finance during the 2nd quarter valued at $88,638,000. Institutional investors own 12.53% of the company’s stock.

About Horizon Technology Finance

(Get Rating)

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, and cleantech industries.

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