Horizon Technology Finance Corp (HRZN) was Downgraded by Maxim Group to ” Hold” while Lowering the Price Target of the company shares to $ 13.75 from a previous price target of $14 . Earlier the firm had a rating of “Buy ” on the company shares. Maxim Group advised their investors in a research report released on Aug 4, 2016.
Many Wall Street Analysts have commented on Horizon Technology Finance Corp. Compass Point Initiated Horizon Technology Finance Corp on Jul 7, 2016 to “Neutral”, Price Target of the shares are set at $12.65.
On the company’s financial health, Horizon Technology Finance Corp reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.35. The company had revenue of $9.09 million for the quarter, compared to analysts expectations of $8.65 million. The company’s revenue was up 32.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Horizon Technology Finance Corp closed down -0.04 points or -0.29% at $13.75 with 1,14,868 shares getting traded on Tusday. Post opening the session at $13.88, the shares hit an intraday low of $13.721 and an intraday high of $13.92 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
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.