Horizon Technology Finance (NASDAQ:HRZN) Announces Earnings Results

Horizon Technology Finance (NASDAQ:HRZN) released its earnings results on Tuesday. The investment management company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06), 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 Trading Down 1.7 %

HRZN opened at $9.60 on Wednesday. Horizon Technology Finance has a 12 month low of $8.46 and a 12 month high of $12.63. The company has a market cap of $382.81 million, a P/E ratio of -80.00 and a beta of 1.22. The business’s 50-day moving average price is $9.39 and its 200-day moving average price is $9.84.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HRZN shares. StockNews.com lowered Horizon Technology Finance from a “hold” rating to a “sell” rating in a report on Thursday, February 20th. Compass Point raised Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price objective for the company in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $9.19.

Insider Activity at Horizon Technology Finance

In other Horizon Technology Finance news, Director Michael Balkin purchased 20,000 shares of Horizon Technology Finance stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $8.53 per share, for a total transaction of $170,600.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.34% of the stock is owned by company insiders.

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, cleantech and sustainability industries.