Horizon Technology Finance (NASDAQ:HRZN – Get Rating) will be announcing its earnings results after the market closes on Tuesday, February 28th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Horizon Technology Finance Stock Down 1.4 %
NASDAQ:HRZN opened at $12.61 on Friday. Horizon Technology Finance has a 52 week low of $9.67 and a 52 week high of $15.85. The company has a market capitalization of $332.90 million, a P/E ratio of 15.57 and a beta of 1.18. The stock’s fifty day moving average is $12.11 and its two-hundred day moving average is $12.12.
Insider Buying and Selling at Horizon Technology Finance
In other Horizon Technology Finance news, President Gerald A. Michaud bought 18,250 shares of Horizon Technology Finance stock in a transaction on Tuesday, December 20th. The shares were bought at an average price of $11.03 per share, for a total transaction of $201,297.50. Following the completion of the transaction, the president now directly owns 144,585 shares of the company’s stock, valued at $1,594,772.55. The purchase was disclosed in a document filed with the SEC, which is available on the SEC website. In other news, President Gerald A. Michaud acquired 18,250 shares of the business’s stock in a transaction that occurred on Tuesday, December 20th. The shares were purchased at an average price of $11.03 per share, for a total transaction of $201,297.50. Following the acquisition, the president now owns 144,585 shares of the company’s stock, valued at $1,594,772.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert D. Jr. Pomeroy acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was purchased at an average price of $13.03 per share, for a total transaction of $52,120.00. Following the acquisition, the chief executive officer now directly owns 172,821 shares in the company, valued at approximately $2,251,857.63. The disclosure for this purchase can be found here. Insiders have acquired 26,250 shares of company stock worth $305,018 over the last quarter. 1.50% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Horizon Technology Finance
Several institutional investors and hedge funds have recently modified their holdings of the company. Investnet Asset Management Inc. raised its holdings in shares of Horizon Technology Finance by 7.9% in the 3rd quarter. Investnet Asset Management Inc. now owns 20,303 shares of the investment management company’s stock valued at $203,000 after buying an additional 1,480 shares during the period. Natixis Advisors LP grew its stake in Horizon Technology Finance by 3.5% during the 2nd quarter. Natixis Advisors LP now owns 49,522 shares of the investment management company’s stock worth $571,000 after purchasing an additional 1,659 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Horizon Technology Finance by 86.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,969 shares of the investment management company’s stock worth $46,000 after purchasing an additional 1,841 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Horizon Technology Finance during the 1st quarter worth $28,000. Finally, Commonwealth Equity Services LLC grew its stake in Horizon Technology Finance by 10.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 25,455 shares of the investment management company’s stock worth $254,000 after purchasing an additional 2,394 shares in the last quarter. Hedge funds and other institutional investors own 9.82% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods downgraded Horizon Technology Finance from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $11.50 to $10.50 in a research report on Tuesday, December 20th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.88.
Horizon Technology Finance Company Profile
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Horizon Technology Finance Corp. operates as a specialty finance company, which engages in the provision of capital in the form of secured loans to venture capital backed companies. It is also involved in lending and investing in portfolio companies in technology, life science, healthcare information and services and cleantech industries.
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