Horizon Technology Finance (NASDAQ:HRZN) Releases Earnings Results, Misses Estimates By $0.06 EPS

Horizon Technology Finance (NASDAQ:HRZN) issued its quarterly earnings results on Tuesday. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.06), Zacks reports. Horizon Technology Finance had a positive return on equity of 15.78% and a negative net margin of 3.69%.

Horizon Technology Finance Price Performance

Shares of NASDAQ HRZN opened at $9.60 on Wednesday. Horizon Technology Finance has a 1 year low of $8.46 and a 1 year high of $12.63. The company has a market capitalization of $382.81 million, a P/E ratio of -80.00 and a beta of 1.22. The company has a 50 day simple moving average of $9.39 and a 200-day simple moving average of $9.84.

Analyst Ratings Changes

HRZN has been the subject of several recent research reports. Compass Point upgraded Horizon Technology Finance from a “sell” rating to a “neutral” rating and set a $8.25 price target for the company in a research report on Tuesday, December 17th. StockNews.com downgraded Horizon Technology Finance from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.19.

Insider Buying and Selling

In other Horizon Technology Finance news, Director Michael Balkin purchased 20,000 shares of the stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of $8.53 per share, for a total transaction of $170,600.00. Following the acquisition, the director now owns 20,000 shares in the company, valued at $170,600. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.34% of the stock is currently owned by company insiders.

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.