Horizon Technology Finance (NASDAQ:HRZN) Rating Increased to Hold at StockNews.com

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

Separately, Compass Point upgraded Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target for the company in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.35.

Horizon Technology Finance Price Performance

Shares of NASDAQ:HRZN opened at $9.86 on Wednesday. The company has a market capitalization of $393.22 million, a PE ratio of -82.17 and a beta of 1.22. The business has a fifty day moving average price of $9.22 and a two-hundred day moving average price of $9.99. Horizon Technology Finance has a 1 year low of $8.46 and a 1 year high of $13.38.

Insider Transactions at Horizon Technology Finance

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

Institutional Trading of Horizon Technology Finance

A number of institutional investors have recently added to or reduced their stakes in HRZN. Farther Finance Advisors LLC purchased a new stake in Horizon Technology Finance during the 3rd quarter worth about $25,000. Private Trust Co. NA purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at about $38,000. Quantbot Technologies LP purchased a new stake in shares of Horizon Technology Finance in the 3rd quarter valued at about $99,000. Crew Capital Management Ltd. purchased a new stake in shares of Horizon Technology Finance in the 4th quarter valued at about $99,000. Finally, Mutual Advisors LLC purchased a new stake in shares of Horizon Technology Finance in the 4th quarter valued at about $106,000. Hedge funds and other institutional investors own 4.94% 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.