Raymond James Financial, Inc. Upgrades Horizon Technology Finance Corporation (HRZN) to Market Perform

Horizon Technology Finance Corporation (NASDAQ:HRZN) was upgraded by equities researchers at Raymond James Financial, Inc. from an “underperform” rating to a “market perform” rating in a research note issued to investors on Thursday.

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Horizon Technology Finance Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. ValuEngine downgraded Horizon Technology Finance Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. National Securities reiterated a “neutral” rating and issued a $10.00 price target on shares of Horizon Technology Finance Corporation in a research note on Tuesday, October 3rd. Maxim Group reiterated a “hold” rating on shares of Horizon Technology Finance Corporation in a research note on Wednesday, August 2nd. Finally, Compass Point upgraded Horizon Technology Finance Corporation from a “sell” rating to a “neutral” rating and set a $10.00 price target for the company in a research note on Monday, August 21st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $10.75.

Horizon Technology Finance Corporation (NASDAQ:HRZN) last announced its earnings results on Tuesday, October 31st. The investment management company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $6.77 million during the quarter, compared to the consensus estimate of $6.39 million. Horizon Technology Finance Corporation had a return on equity of 9.92% and a net margin of 24.46%.

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

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.

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

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