November 17, 2016 - By Clifton Ray · 0 Comments
Horizon Technology Finance Corp (NASDAQ:HRZN) institutional sentiment decreased to 0.93 in 2016 Q2. Its down -0.21, from 1.14 in 2016Q1. The ratio turned negative, as 14 active investment managers started new or increased stock positions, while 15 cut down and sold their equity positions in Horizon Technology Finance Corp. The active investment managers in our partner’s database now own: 1.84 million shares, down from 2.08 million shares in 2016Q1. Also, the number of active investment managers 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: 9 Increased: 7 New Position: 7.
Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. The company has a market cap of $128.34 million. The Company’s investment objective is to generate 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. The Firm operates through lending and investment segment.
The stock decreased 1.94% or $0.22 on November 16, hitting $10.86. Horizon Technology Finance Corp (NASDAQ:HRZN) has declined 7.65% since April 15, 2016 and is downtrending. It has underperformed by 12.28% the S&P500.
According to Zacks Investment Research, “Horizon Technology Finance Corporation is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company makes secured loans to development-stage companies in the technology, life science, healthcare information and services, and cleantech industries. Horizon Technology Finance Corporation is headquartered in Farmington, United States of America.”
West Family Investments Inc. holds 0.46% of its portfolio in Horizon Technology Finance Corp for 206,354 shares. Advisors Asset Management Inc. owns 491,590 shares or 0.1% of their US portfolio. Moreover, Brown Advisory Securities Llc has 0.09% invested in the company for 24,200 shares. The Maryland-based Founders Financial Securities Llc has invested 0.09% in the stock. Confluence Investment Management Llc, a Missouri-based fund reported 179,012 shares.#img1#
Ratings analysis reveals 0 of Horizon Technology Finance’s analysts are positive. Out of 3 Wall Street analysts rating Horizon Technology Finance, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $12.50 while the high is $14. The stock’s average target of $13.25 is 22.01% above today’s ($10.86) share price. HRZN was included in 7 notes of analysts from August 6, 2015. Raymond James downgraded the stock to “Mkt Perform” rating in Wednesday, January 27 report. The firm has “Perform” rating by Oppenheimer given on Thursday, August 4. The stock has “Buy” rating given by National Securities on Wednesday, August 5. On Thursday, November 3 the stock rating was downgraded by National Securities to “Neutral”. The firm has “Outperform” rating given on Thursday, March 10 by Oppenheimer. Raymond James upgraded Horizon Technology Finance Corp (NASDAQ:HRZN) on Tuesday, November 10 to “Outperform” rating.
Horizon Technology Finance Corporation, incorporated on March 16, 2010, is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. The Firm operates through lending and investment segment. The Firm operates as a specialty finance company. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries (collectively Target Industries). The Firm is focused on making secured debt investments (Venture Loans) to venture capital backed companies in its Target Industries. It also provides Venture Loans to publicly traded companies in its Target Industries.
More news for Horizon Technology Finance Corp (NASDAQ:HRZN) were recently published by: Seekingalpha.com, which released: “Lessons In What Not To Buy – Horizon Technology Finance” on November 13, 2016. Marketwatch.com‘s article titled: “Horizon Technology downgraded to perform from outperform at Oppenheimer” and published on April 18, 2011 is yet another important article.
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By Clifton Ray