Horizon Technology Finance Corporation (NASDAQ:HRZN) Stock Has Consensus Target Price of $5.00

Shares of Horizon Technology Finance Corporation (NASDAQ:HRZN) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $5.00.

Several research analysts recently weighed in on HRZN shares. Oppenheimer dropped their price objective on shares of Horizon Technology Finance from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Friday, August 7th. Weiss Ratings lowered shares of Horizon Technology Finance from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods lowered their price target on shares of Horizon Technology Finance from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, August 21st. Compass Point began coverage on Horizon Technology Finance in a research report on Thursday, August 27th. They set a “buy” rating and a $5.50 target price for the company. Finally, UBS Group upped their price target on Horizon Technology Finance from $4.25 to $4.50 and gave the company a “neutral” rating in a research note on Tuesday, September 1st.

Horizon Technology Finance Price Performance

Horizon Technology Finance stock opened at $4.00 on Tuesday. The firm has a market capitalization of $268.12 million, a P/E ratio of 11.11 and a beta of 1.00. The stock has a fifty day moving average price of $4.66 and a two-hundred day moving average price of $4.51. Horizon Technology Finance has a 52-week low of $3.80 and a 52-week high of $6.85.

Horizon Technology Finance (NASDAQ:HRZN) last posted its earnings results on Tuesday, August 4th. The investment management company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Horizon Technology Finance had a net margin of 5.27% and a return on equity of 11.15%. The firm had revenue of $25.05 million during the quarter, compared to the consensus estimate of $25.22 million. On average, equities research analysts predict that Horizon Technology Finance will post 0.63 EPS for the current fiscal year.

Horizon Technology Finance Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, November 17th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 18.0%. The ex-dividend date of this dividend is Tuesday, November 17th. Horizon Technology Finance’s dividend payout ratio is currently 200.00%.

Institutional Investors Weigh In On Horizon Technology Finance

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new stake in Horizon Technology Finance in the second quarter valued at approximately $101,000. Squarepoint Ops LLC acquired a new position in shares of Horizon Technology Finance during the 2nd quarter worth approximately $93,000. Baird Financial Group Inc. bought a new stake in Horizon Technology Finance in the 2nd quarter valued at $148,000. Corient Private Wealth LP acquired a new stake in Horizon Technology Finance during the 2nd quarter valued at $422,000. Finally, HighTower Advisors LLC bought a new stake in shares of Horizon Technology Finance during the second quarter worth approximately $61,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

About Horizon Technology Finance

Horizon Technology Finance Corporation (NASDAQ: HRZN) is a business development company that provides secured venture loans to companies backed by venture capital and private equity investors. The company focuses on lending to businesses that may have limited access to traditional bank financing but possess growth potential and institutional investor support.

Horizon primarily serves companies in the technology, life sciences, healthcare information and services, and sustainability sectors.