Horizon Technology Finance Co. (NASDAQ:HRZN) Short Interest Update

Horizon Technology Finance Co. (NASDAQ:HRZN) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 432,100 shares, a decrease of 29.4% from the March 15th total of 612,000 shares. Based on an average daily trading volume, of 377,300 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new stake in Horizon Technology Finance during the 3rd quarter valued at approximately $117,000. First Financial Bank Trust Division grew its position in shares of Horizon Technology Finance by 5.0% during the fourth quarter. First Financial Bank Trust Division now owns 45,725 shares of the investment management company’s stock worth $411,000 after buying an additional 2,173 shares in the last quarter. Green Alpha Advisors LLC increased its stake in shares of Horizon Technology Finance by 28.1% in the fourth quarter. Green Alpha Advisors LLC now owns 290,447 shares of the investment management company’s stock worth $2,611,000 after buying an additional 63,709 shares during the last quarter. Mutual Advisors LLC acquired a new stake in Horizon Technology Finance in the fourth quarter valued at $106,000. Finally, First Affirmative Financial Network bought a new position in Horizon Technology Finance during the 4th quarter valued at $145,000. Institutional investors and hedge funds own 4.94% of the company’s stock.

Horizon Technology Finance Stock Up 3.8 %

Shares of HRZN stock traded up $0.31 during mid-day trading on Friday, reaching $8.39. The company’s stock had a trading volume of 252,337 shares, compared to its average volume of 350,827. The firm has a market capitalization of $338.24 million, a PE ratio of -69.92 and a beta of 1.08. The company’s 50 day simple moving average is $9.15 and its 200-day simple moving average is $9.38. Horizon Technology Finance has a 12-month low of $7.55 and a 12-month high of $12.63.

Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings data on Tuesday, March 4th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). Horizon Technology Finance had a negative net margin of 3.69% and a positive return on equity of 15.78%. The company had revenue of $23.55 million during the quarter, compared to analysts’ expectations of $25.69 million. As a group, research analysts anticipate that Horizon Technology Finance will post 1.38 EPS for the current fiscal year.

Horizon Technology Finance Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a dividend yield of 16.34%. Horizon Technology Finance’s dividend payout ratio is presently -1,100.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Maxim Group dropped their price objective on shares of Horizon Technology Finance from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Keefe, Bruyette & Woods cut their price target on shares of Horizon Technology Finance from $8.00 to $7.50 and set an “underperform” rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Finally, UBS Group cut their target price on Horizon Technology Finance from $9.00 to $8.25 and set a “neutral” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Horizon Technology Finance currently has a consensus rating of “Hold” and an average target price of $9.20.

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.