Horizon Technology Finance Corp (HRZN) was Initiated by Compass Point to “Neutral” and the brokerage firm has set the Price Target at $12.65. Compass Point advised their investors in a research report released on Jul 7, 2016.
On the company’s financial health, Horizon Technology Finance Corp reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.35.Analysts expectations of $ 8.71.During the same quarter in the previous year, the company posted $0.30 EPS.
Horizon Technology Finance Corp opened for trading at $12.47 and hit $12.81 on the upside on Tuesday, eventually ending the session at $12.75, with a gain of 2.57% or 0.32 points. The heightened volatility saw the trading volume jump to 96,437 shares. Company has a market cap of $147 M.
In a different news, on Mar 28, 2016, Joseph J Savage (director) purchased 1,500 shares at $11.57 per share price. According to the SEC, on Mar 21, 2016, Gerald A. Michaud (President) purchased 1,960 shares at $11.57 per share price. On Mar 17, 2016, Robert D. Jr. Pomeroy (CEO) purchased 2,000 shares at $11.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Horizon Technology Finance Corporation is an externally managed closed-end non-diversified management investment company. The Company primarily makes secured debt investments which consists of loans secured by all of or a portion of the applicable debtor Company’s tangible and intangible assets to development-stage companies in the technology life science healthcare information and services and cleantech industries. The Company’s investment objective is to maximize its investment portfolio’s total return by generating income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Horizon Technology Finance Management LLC is the investment manager of the Company.