Horizon Technology Finance (NASDAQ:HRZN) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Horizon Technology Finance (NASDAQ:HRZN) from a hold rating to a sell rating in a research note published on Thursday.

Separately, Compass Point upgraded shares of Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 target price on the stock in a research report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.35.

Horizon Technology Finance Trading Up 0.2 %

NASDAQ:HRZN opened at $9.82 on Thursday. The firm has a market cap of $391.62 million, a price-to-earnings ratio of -81.83 and a beta of 1.22. Horizon Technology Finance has a 12-month low of $8.46 and a 12-month high of $13.29. The company’s 50-day moving average is $9.26 and its two-hundred day moving average is $9.94.

Insider Transactions at Horizon Technology Finance

In related news, Director Michael Balkin purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $8.53 per share, with a total value of $170,600.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $170,600. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Gerald A. Michaud purchased 8,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was bought at an average price of $9.31 per share, for a total transaction of $74,480.00. Following the acquisition, the president now owns 169,309 shares in the company, valued at $1,576,266.79. The trade was a 4.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On Horizon Technology Finance

Several institutional investors and hedge funds have recently added to or reduced their stakes in HRZN. Two Sigma Advisers LP grew its holdings in shares of Horizon Technology Finance by 44.6% during the 4th quarter. Two Sigma Advisers LP now owns 49,897 shares of the investment management company’s stock worth $449,000 after purchasing an additional 15,397 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in Horizon Technology Finance during the fourth quarter valued at approximately $220,000. Brevan Howard Capital Management LP grew its stake in Horizon Technology Finance by 15.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 16,093 shares of the investment management company’s stock worth $145,000 after buying an additional 2,108 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Horizon Technology Finance in the fourth quarter worth $173,000. Finally, Jane Street Group LLC purchased a new position in shares of Horizon Technology Finance in the 4th quarter valued at $447,000. 4.94% of the stock is currently owned by institutional investors and hedge funds.

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, cleantech and sustainability industries.