Horizon Technology Finance Corp Q4 2016 Institutional Investor Sentiment Better Than Expected

June 19, 2017 - By Henry Gaston

 Horizon Technology Finance Corp  Q4 2016 Institutional Investor Sentiment  Better Than Expected

Sentiment for Horizon Technology Finance Corp (NASDAQ:HRZN)

Horizon Technology Finance Corp (NASDAQ:HRZN) institutional sentiment increased to 1.21 in 2016 Q4. Its up 0.36, from 0.85 in 2016Q3. The ratio is better, as 17 institutional investors opened new and increased stock positions, while 14 sold and reduced stakes in Horizon Technology Finance Corp. The institutional investors in our partner’s database reported: 1.62 million shares, down from 1.63 million shares in 2016Q3. Also, the number of institutional investors holding Horizon Technology Finance Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 8 Increased: 7 New Position: 10.

Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The company has market cap of $130.48 million. The Company’s investment objective is to maximize investment portfolio’s total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It currently has negative earnings. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries .

About 11,410 shares traded. Horizon Technology Finance Corp (NASDAQ:HRZN) has declined 4.01% since June 19, 2016 and is downtrending. It has underperformed by 20.71% the S&P500.

Wall Street await Horizon Technology Finance Corp (NASDAQ:HRZN) to release earnings on August, 1. Analysts forecast earnings per share of $0.28, down exactly $0.11 or 28.21 % from 2014’s $0.39 EPS. The expected HRZN’s profit could reach $3.22M giving the stock 10.13 P/E in the case that $0.28 earnings per share is reported. After posting $0.29 EPS for the previous quarter, Horizon Technology Finance Corp’s analysts now forecast -3.45 % negative EPS growth.

West Family Investments Inc. holds 0.2% of its portfolio in Horizon Technology Finance Corp for 106,472 shares. Advisors Asset Management Inc. owns 467,477 shares or 0.08% of their US portfolio. Moreover, Ares Management Llc has 0.06% invested in the company for 97,253 shares. The Maryland-based Brown Advisory Securities Llc has invested 0.06% in the stock. Founders Financial Securities Llc, a Maryland-based fund reported 10,055 shares.#img1#

Horizon Technology Finance Corp (NASDAQ:HRZN) Ratings Coverage

Ratings analysis reveals 0 of Horizon Technology Finance’s analysts are positive. Out of 4 Wall Street analysts rating Horizon Technology Finance, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $1100 while the high is $14. The stock’s average target of $12.50 is 10.13% above today’s ($11.35) share price. HRZN was included in 8 notes of analysts from August 6, 2015. The rating was upgraded by Oppenheimer to “Outperform” on Thursday, March 10. The stock of Horizon Technology Finance Corp (NASDAQ:HRZN) has “Mkt Perform” rating given on Wednesday, January 27 by Raymond James. National Securities maintained the shares of HRZN in report on Wednesday, August 5 with “Buy” rating. The rating was downgraded by Oppenheimer on Thursday, August 4 to “Perform”. Keefe Bruyette & Woods maintained it with “Hold” rating and $1100 target in Wednesday, May 31 report. The rating was downgraded by National Securities on Thursday, November 3 to “Neutral”. The firm earned “Outperform” rating on Tuesday, November 10 by Raymond James.

More notable recent Horizon Technology Finance Corp (NASDAQ:HRZN) news were published by: Globenewswire.com which released: “Horizon Technology Finance Provides $6.3 Million Venture Loan to New Haven …” on October 06, 2015, also Moodys.com with their article: “Moody’s upgrades Horizon Technology Finance Corporation sponsored venture debt …” published on December 08, 2015, Globenewswire.com published: “Horizon Technology Finance Announces Resignation of CFO and Names Daniel R …” on August 23, 2016. More interesting news about Horizon Technology Finance Corp (NASDAQ:HRZN) were released by: Marketwatch.com and their article: “11.24” published on April 18, 2011 as well as Globenewswire.com‘s news article titled: “Horizon Technology Finance Leads $12 Million Venture Loan Facility for Digital …” with publication date: December 22, 2015.

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