Horizon Technology Finance Co. (NASDAQ:HRZN) Given Consensus Rating of “Reduce” by Analysts

Horizon Technology Finance Co. (NASDAQ:HRZN) has been assigned a consensus rating of “Reduce” from the six brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.35.

Separately, Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target on the stock in a research note on Tuesday, December 17th.

Insider Transactions at Horizon Technology Finance

In related news, Director Michael Balkin acquired 20,000 shares of Horizon Technology Finance stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $8.53 per share, with a total value of $170,600.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $170,600. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Gerald A. Michaud acquired 8,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was bought at an average price of $9.31 per share, with a total value of $74,480.00. Following the completion of the acquisition, the president now directly owns 169,309 shares in the company, valued at approximately $1,576,266.79. This represents a 4.96 % increase in their position. The disclosure for this purchase can be found here. 1.34% of the stock is currently owned by company insiders.

Institutional Trading of Horizon Technology Finance

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Financial Concepts LLC purchased a new stake in shares of Horizon Technology Finance in the 4th quarter worth about $788,000. Green Alpha Advisors LLC boosted its stake in Horizon Technology Finance by 28.1% during the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock worth $2,611,000 after acquiring an additional 63,709 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Horizon Technology Finance by 810.1% in the third quarter. International Assets Investment Management LLC now owns 50,055 shares of the investment management company’s stock worth $5,330,000 after purchasing an additional 44,555 shares during the period. Paloma Partners Management Co purchased a new stake in Horizon Technology Finance in the third quarter worth about $348,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Horizon Technology Finance during the third quarter valued at approximately $217,000. 4.94% of the stock is currently owned by hedge funds and other institutional investors.

Horizon Technology Finance Trading Up 1.1 %

HRZN opened at $9.43 on Wednesday. Horizon Technology Finance has a 12 month low of $8.46 and a 12 month high of $13.42. The business’s 50-day moving average price is $9.18 and its 200-day moving average price is $10.11. The company has a market cap of $376.07 million, a P/E ratio of -78.58 and a beta of 1.22.

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.