News articles about Horizon Technology Finance (NASDAQ:HRZN) have been trending somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Horizon Technology Finance earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 47.4114376473658 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts recently weighed in on HRZN shares. TheStreet upgraded Horizon Technology Finance from a “c” rating to a “b-” rating in a research report on Tuesday, July 10th. Maxim Group restated a “buy” rating and issued a $12.00 price objective on shares of Horizon Technology Finance in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded Horizon Technology Finance from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. ValuEngine upgraded Horizon Technology Finance from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, National Securities restated a “neutral” rating and issued a $11.00 price objective on shares of Horizon Technology Finance in a research report on Thursday, May 3rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.25.
Shares of Horizon Technology Finance traded down $0.07, reaching $11.32, on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 84,475 shares, compared to its average volume of 103,945. The stock has a market capitalization of $131.32 million, a PE ratio of 10.58 and a beta of 0.85. Horizon Technology Finance has a 52-week low of $9.66 and a 52-week high of $11.88.
Horizon Technology Finance (NASDAQ:HRZN) last issued its quarterly earnings results on Tuesday, July 31st. The investment management company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Horizon Technology Finance had a return on equity of 9.41% and a net margin of 39.15%. The firm had revenue of $7.31 million during the quarter, compared to analysts’ expectations of $7.20 million. equities analysts forecast that Horizon Technology Finance will post 1.14 EPS for the current fiscal year.
In other news, President Gerald A. Michaud purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The stock was purchased at an average cost of $10.08 per share, for a total transaction of $151,200.00. Following the completion of the transaction, the president now owns 70,034 shares of the company’s stock, valued at $705,942.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by 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, and cleantech industries.
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