Horizon Technology Finance Corporation (HRZN) Upgraded to “Buy” at ValuEngine

Horizon Technology Finance Corporation (NASDAQ:HRZN) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Saturday, November 4th.

HRZN has been the topic of a number of other research reports. Zacks Investment Research lowered Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Raymond James Financial, Inc. raised Horizon Technology Finance Corporation from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. National Securities reissued a “neutral” rating and issued a $10.00 price target on shares of Horizon Technology Finance Corporation in a research note on Tuesday, October 3rd. TheStreet raised Horizon Technology Finance Corporation from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st. Finally, Maxim Group reissued a “hold” rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $10.75.

Shares of Horizon Technology Finance Corporation (NASDAQ HRZN) traded down $0.05 during mid-day trading on Friday, hitting $11.05. The stock had a trading volume of 25,500 shares, compared to its average volume of 56,170. Horizon Technology Finance Corporation has a twelve month low of $9.66 and a twelve month high of $11.75. The stock has a market capitalization of $127.85, a PE ratio of 9.33 and a beta of 0.85.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last announced its quarterly earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Horizon Technology Finance Corporation had a return on equity of 9.96% and a net margin of 24.46%. The business had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $6.39 million. equities analysts expect that Horizon Technology Finance Corporation will post 1.12 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Investment Centers of America Inc. purchased a new stake in shares of Horizon Technology Finance Corporation during the 2nd quarter valued at about $136,000. Royal Bank of Canada raised its holdings in shares of Horizon Technology Finance Corporation by 25.8% during the 2nd quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock valued at $235,000 after buying an additional 4,252 shares during the period. WFG Advisors LP raised its holdings in shares of Horizon Technology Finance Corporation by 30.8% during the 2nd quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock valued at $283,000 after buying an additional 5,878 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Horizon Technology Finance Corporation by 2.2% during the 1st 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 period. Finally, West Family Investments Inc. raised its holdings in shares of Horizon Technology Finance Corporation by 49.0% during the 2nd quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock valued at $1,866,000 after buying an additional 52,156 shares during the period. 17.49% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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