Horizon Technology Finance Corporation (NASDAQ:HRZN) released its quarterly earnings results on Tuesday. The investment management company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04, Bloomberg Earnings reports. Horizon Technology Finance Corporation had a positive return on equity of 10.24% and a negative net margin of 6.72%.

Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) traded up 2.9412% during midday trading on Wednesday, hitting $10.8603. The stock had a trading volume of 16,126 shares. Horizon Technology Finance Corporation has a 52-week low of $9.64 and a 52-week high of $11.75. The firm’s 50 day moving average price is $11.01 and its 200 day moving average price is $11.09.

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HRZN has been the subject of a number of recent analyst reports. Maxim Group reaffirmed a “hold” rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. National Securities lowered Horizon Technology Finance Corporation from a “neutral” rating to a “sell” rating and set a $10.00 price objective for the company. in a research note on Tuesday, October 17th. Compass Point reaffirmed a “sell” rating and issued a $10.00 price objective on shares of Horizon Technology Finance Corporation in a research note on Thursday, July 6th. ValuEngine lowered Horizon Technology Finance Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Horizon Technology Finance Corporation in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.75.

Horizon Technology Finance Corporation Company Profile

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments.

Earnings History for Horizon Technology Finance Corporation (NASDAQ:HRZN)

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