Horizon Technology Finance (NASDAQ:HRZN) Announces Quarterly Earnings Results

Horizon Technology Finance (NASDAQ:HRZN) released its quarterly earnings data on Tuesday. The investment management company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04), Zacks reports. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%.

Horizon Technology Finance Stock Down 1.7 %

HRZN stock traded down $0.17 during midday trading on Tuesday, reaching $9.60. 356,987 shares of the company’s stock traded hands, compared to its average volume of 341,074. The company has a market cap of $382.81 million, a price-to-earnings ratio of -80.00 and a beta of 1.22. The company has a 50-day simple moving average of $9.38 and a two-hundred day simple moving average of $9.85. Horizon Technology Finance has a 1-year low of $8.46 and a 1-year high of $12.63.

Analyst Upgrades and Downgrades

HRZN has been the topic of several analyst reports. Compass Point upgraded Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective on the stock in a research note on Tuesday, December 17th. StockNews.com lowered Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $9.19.

Insider Buying and Selling

In other Horizon Technology Finance news, Director Michael Balkin purchased 20,000 shares of the stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $8.53 per share, for a total transaction of $170,600.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $170,600. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.34% of the stock is owned by corporate insiders.

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.