Horizon Technology Finance (NASDAQ:HRZN) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Horizon Technology Finance (NASDAQ:HRZN) from a sell rating to a hold rating in a report issued 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 on the stock in a research report 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.35.

Horizon Technology Finance Price Performance

Shares of NASDAQ:HRZN opened at $9.56 on Wednesday. Horizon Technology Finance has a 12 month low of $8.46 and a 12 month high of $13.42. The stock’s 50 day moving average price is $9.20 and its 200 day moving average price is $10.01.

Insiders Place Their Bets

In related news, Director Michael Balkin bought 20,000 shares of Horizon Technology Finance stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $8.53 per share, with a total value of $170,600.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $170,600. This trade represents a ∞ increase in their position. The purchase 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 business’s stock in a transaction on Monday, November 25th. The shares were bought at an average price of $9.31 per share, for a total transaction of $74,480.00. Following the acquisition, the president now owns 169,309 shares in the company, valued at approximately $1,576,266.79. This trade 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 Investors Weigh In On Horizon Technology Finance

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in Horizon Technology Finance during the 3rd quarter worth approximately $25,000. Private Trust Co. NA acquired a new stake in shares of Horizon Technology Finance in the third quarter worth $38,000. Quantbot Technologies LP purchased a new position in shares of Horizon Technology Finance during the third quarter valued at $99,000. Crew Capital Management Ltd. acquired a new position in Horizon Technology Finance during the fourth quarter valued at $99,000. Finally, Mutual Advisors LLC acquired a new position in Horizon Technology Finance during the fourth quarter valued at $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.