Short Interest in Horizon Technology Finance Co. (NASDAQ:HRZN) Expands By 27.9%

Horizon Technology Finance Co. (NASDAQ:HRZN) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 612,000 shares, an increase of 27.9% from the February 28th total of 478,400 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily volume of 370,900 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On Horizon Technology Finance

Several institutional investors have recently bought and sold shares of the company. Crew Capital Management Ltd. acquired a new stake in Horizon Technology Finance in the 4th quarter worth approximately $99,000. Quantbot Technologies LP purchased a new position in shares of Horizon Technology Finance in the third quarter worth about $99,000. Mutual Advisors LLC purchased a new position in Horizon Technology Finance during the 4th quarter worth approximately $106,000. JPMorgan Chase & Co. acquired a new stake in shares of Horizon Technology Finance in the third quarter worth $117,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Horizon Technology Finance during the fourth quarter worth $124,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HRZN shares. StockNews.com cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. Maxim Group cut their target price on Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Compass Point raised 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. Finally, Keefe, Bruyette & Woods cut their price objective on Horizon Technology Finance from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Friday, March 7th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.56.

Horizon Technology Finance Trading Down 0.5 %

Shares of Horizon Technology Finance stock traded down $0.05 during trading on Wednesday, hitting $9.42. 201,087 shares of the stock traded hands, compared to its average volume of 335,485. The stock’s fifty day simple moving average is $9.44 and its 200 day simple moving average is $9.58. The firm has a market cap of $379.77 million, a P/E ratio of -78.50 and a beta of 1.18. Horizon Technology Finance has a 52-week low of $8.46 and a 52-week high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The business had revenue of $23.55 million for the quarter, compared to the consensus estimate of $25.69 million. Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. As a group, equities analysts expect that Horizon Technology Finance will post 1.38 EPS for the current year.

Horizon Technology Finance Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 16th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.32 annualized dividend and a yield of 14.01%. Horizon Technology Finance’s dividend payout ratio (DPR) is presently -1,100.00%.

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.