Horizon Technology Finance (NASDAQ:HRZN) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Tuesday, TheStreetRatingsTable reports.
HRZN has been the subject of a number of other research reports. ValuEngine cut Horizon Technology Finance from a “hold” rating to a “sell” rating in a report on Wednesday, March 18th. Aegis upgraded Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $13.20 target price for the company in a report on Wednesday, March 4th. Compass Point upgraded Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $10.50 target price for the company in a report on Friday, February 28th. Maxim Group reiterated a “buy” rating and issued a $13.50 target price on shares of Horizon Technology Finance in a report on Thursday, March 5th. Finally, Zacks Investment Research upgraded Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Tuesday, March 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.78.
NASDAQ HRZN traded up $1.82 during trading on Tuesday, hitting $9.34. 629,500 shares of the stock traded hands, compared to its average volume of 290,592. The company has a market capitalization of $109.30 million, a P/E ratio of 6.53 and a beta of 0.79. The firm has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $12.16. Horizon Technology Finance has a 12-month low of $4.51 and a 12-month high of $13.78.
In other Horizon Technology Finance news, CEO Robert D. Jr. Pomeroy acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $10.75 per share, for a total transaction of $43,000.00. Following the acquisition, the chief executive officer now directly owns 102,498 shares in the company, valued at $1,101,853.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph J. Savage acquired 8,000 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of $7.02 per share, with a total value of $56,160.00. In the last 90 days, insiders have purchased 20,421 shares of company stock valued at $162,240. 1.50% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HRZN. Marshall Wace North America L.P. purchased a new position in Horizon Technology Finance during the 1st quarter valued at $62,000. Millennium Management LLC purchased a new position in Horizon Technology Finance during the 3rd quarter valued at $127,000. Eqis Capital Management Inc. boosted its holdings in Horizon Technology Finance by 8.7% during the 4th quarter. Eqis Capital Management Inc. now owns 15,691 shares of the investment management company’s stock valued at $203,000 after acquiring an additional 1,258 shares during the period. California Public Employees Retirement System boosted its holdings in Horizon Technology Finance by 8.8% during the 4th quarter. California Public Employees Retirement System now owns 21,000 shares of the investment management company’s stock valued at $272,000 after acquiring an additional 1,700 shares during the period. Finally, Great West Life Assurance Co. Can purchased a new position in Horizon Technology Finance during the 4th quarter valued at $57,000. Institutional investors own 10.66% of the company’s stock.
Horizon Technology Finance Company Profile
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, and cleantech industries.
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