StockNews.com Downgrades Horizon Technology Finance (NASDAQ:HRZN) to Sell

StockNews.com lowered shares of Horizon Technology Finance (NASDAQ:HRZN) from a hold rating to a sell rating in a research report report 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 for the company in a report on Tuesday, December 17th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.35.

Horizon Technology Finance Stock Performance

Horizon Technology Finance stock opened at $9.82 on Thursday. Horizon Technology Finance has a fifty-two week low of $8.46 and a fifty-two week high of $13.29. The firm has a 50 day moving average price of $9.27 and a 200 day moving average price of $9.93. The company has a market capitalization of $391.62 million, a PE ratio of -81.83 and a beta of 1.22.

Insiders Place Their Bets

In other news, President Gerald A. Michaud acquired 8,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $9.31 per share, with a total value of $74,480.00. Following the transaction, the president now owns 169,309 shares in the company, valued at approximately $1,576,266.79. This trade represents a 4.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Balkin acquired 20,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost 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 in the company, valued at approximately $170,600. The trade was a ? increase in their position. 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 have recently modified their holdings of the company. Green Alpha Advisors LLC lifted its position in shares of Horizon Technology Finance by 28.1% during the 4th quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock worth $2,611,000 after purchasing an additional 63,709 shares during the last quarter. TrueMark Investments LLC purchased a new stake in shares of Horizon Technology Finance during the 4th quarter worth $1,882,000. Trexquant Investment LP lifted its position in shares of Horizon Technology Finance by 196.4% during the 4th quarter. Trexquant Investment LP now owns 198,451 shares of the investment management company’s stock worth $1,784,000 after purchasing an additional 131,505 shares during the last quarter. LPL Financial LLC lifted its position in shares of Horizon Technology Finance by 9.7% during the 4th quarter. LPL Financial LLC now owns 176,871 shares of the investment management company’s stock worth $1,590,000 after purchasing an additional 15,670 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Horizon Technology Finance during the 4th quarter worth $1,288,000. 4.94% of the stock is owned by hedge funds and other institutional investors.

Horizon Technology Finance Company Profile

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.