TheStreet upgraded shares of Horizon Technology Finance Corp (NASDAQ:HRZN) from a c rating to a b- rating in a research note published on Wednesday morning.

A number of other research firms have also recently commented on HRZN. Maxim Group upgraded Horizon Technology Finance Corp from a hold rating to a buy rating and set a $12.00 price objective for the company in a research report on Wednesday, August 23rd. ValuEngine upgraded Horizon Technology Finance Corp from a hold rating to a buy rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a hold rating and set a $11.00 price objective on shares of Horizon Technology Finance Corp in a research report on Tuesday, July 25th. Raymond James Financial, Inc. upgraded Horizon Technology Finance Corp from an underperform rating to a market perform rating in a research report on Thursday. Finally, Compass Point upgraded Horizon Technology Finance Corp from a sell rating to a neutral rating and set a $10.00 price objective for the company in a research report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $10.75.

Horizon Technology Finance Corp (NASDAQ HRZN) opened at $10.95 on Wednesday. Horizon Technology Finance Corp has a 12 month low of $9.64 and a 12 month high of $11.75. The firm has a market cap of $126.12 million, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87.

Horizon Technology Finance Corp (NASDAQ:HRZN) last posted its quarterly earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Horizon Technology Finance Corp had a return on equity of 9.96% and a net margin of 24.46%. The firm had revenue of $6.77 million during the quarter, compared to analysts’ expectations of $6.39 million. equities research analysts expect that Horizon Technology Finance Corp will post 1.1 earnings per share for the current year.

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The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 22nd will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date is Friday, January 19th. Horizon Technology Finance Corp’s dividend payout ratio (DPR) is presently 210.53%.

Institutional investors and hedge funds have recently modified their holdings of the business. Investment Centers of America Inc. purchased a new stake in Horizon Technology Finance Corp in the second quarter worth about $136,000. Royal Bank of Canada increased its position in Horizon Technology Finance Corp by 25.8% in the second quarter. Royal Bank of Canada now owns 20,752 shares of the investment management company’s stock worth $235,000 after buying an additional 4,252 shares in the last quarter. WFG Advisors LP increased its position in Horizon Technology Finance Corp by 30.8% in the second quarter. WFG Advisors LP now owns 24,950 shares of the investment management company’s stock worth $283,000 after buying an additional 5,878 shares in the last quarter. Wells Fargo & Company MN increased its position in Horizon Technology Finance Corp by 2.2% in the first quarter. Wells Fargo & Company MN now owns 65,616 shares of the investment management company’s stock worth $730,000 after buying an additional 1,414 shares in the last quarter. Finally, West Family Investments Inc. increased its position in Horizon Technology Finance Corp by 49.0% in the second quarter. West Family Investments Inc. now owns 158,628 shares of the investment management company’s stock worth $1,866,000 after buying an additional 52,156 shares in the last quarter. Institutional investors and hedge funds own 18.12% of the company’s stock.

Horizon Technology Finance Corp 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.

Analyst Recommendations for Horizon Technology Finance Corp (NASDAQ:HRZN)

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