Horizon Technology Finance (NASDAQ:HRZN) Issues Quarterly Earnings Results

Horizon Technology Finance (NASDAQ:HRZN) issued its quarterly earnings results on Tuesday. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04), Zacks reports. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%.

Horizon Technology Finance Stock Down 1.7 %

NASDAQ:HRZN traded down $0.17 during trading hours on Tuesday, reaching $9.60. The company had a trading volume of 357,749 shares, compared to its average volume of 336,200. The business’s 50-day simple moving average is $9.38 and its two-hundred day simple moving average is $9.85. Horizon Technology Finance has a twelve month low of $8.46 and a twelve month high of $12.63. The firm has a market cap of $382.81 million, a price-to-earnings ratio of -80.00 and a beta of 1.22.

Analyst Upgrades and Downgrades

HRZN has been the topic of a number of research analyst reports. 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. StockNews.com lowered Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, Horizon Technology Finance has a consensus rating of “Reduce” and an average target price of $9.19.

Insider Transactions at Horizon Technology Finance

In other news, Director Michael Balkin bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $8.53 per share, with a total value of $170,600.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $170,600. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.34% of the company’s stock.

About Horizon Technology Finance

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.