Horizon Technology Finance (NASDAQ:HRZN) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Horizon Technology Finance (NASDAQ:HRZN) from a sell rating to a hold rating in a report issued on Wednesday morning.

Separately, Compass Point raised shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target on the stock in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.35.

Horizon Technology Finance Trading Down 0.6 %

NASDAQ HRZN opened at $9.56 on Wednesday. Horizon Technology Finance has a 12 month low of $8.46 and a 12 month high of $13.42. The company’s fifty day moving average price is $9.20 and its two-hundred day moving average price is $10.01.

Insider Transactions at Horizon Technology Finance

In related news, Director Michael Balkin purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $8.53 per share, with a total value of $170,600.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at approximately $170,600. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Gerald A. Michaud acquired 8,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average price of $9.31 per share, with a total value of $74,480.00. Following the completion of the purchase, the president now owns 169,309 shares in the company, valued at $1,576,266.79. The trade was a 4.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.34% of the company’s stock.

Institutional Trading of Horizon Technology Finance

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in Horizon Technology Finance in the 3rd quarter worth about $25,000. Private Trust Co. NA acquired a new position in shares of Horizon Technology Finance during the third quarter worth approximately $38,000. Quantbot Technologies LP bought a new position in Horizon Technology Finance in the 3rd quarter worth approximately $99,000. Crew Capital Management Ltd. acquired a new stake in Horizon Technology Finance in the 4th quarter valued at approximately $99,000. Finally, Mutual Advisors LLC acquired a new stake in Horizon Technology Finance in the 4th quarter valued at approximately $106,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Horizon Technology Finance Company Profile

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, cleantech and sustainability industries.